Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue
2022年8月24日 - 08:00AM
NEWSBTC
Institutional investor sentiment has been on the rocks for some
time now. This follows the market trend with bitcoin falling below
$22,000 and the total crypto market cap finally making its way
below $1 trillion once more. With this, institutional investors
continue to show a more bearish attitude toward the market. The
numbers for last week are in, and the outflows from various digital
assets show that big money is not betting on bitcoin. Institutional
Investors Exit Bitcoin The exit from bitcoin by institutional
investors has been a couple of weeks in the making now. The last
two prior weeks had seen these investors pulling their money out of
the digital asset. Now, these volumes were not the largest ever
seen by any margin, but they paint a grim picture for institution
investing going forward. Related Reading: Ethereum Slides To $1,500
As Hype Around Merge Dies Down For the third week in a row, bitcoin
had recorded outflows in the market. Most of the bearish sentiment
from investors had fallen on the digital asset, and it recorded
another week of outflows with a total of $15 million. It is $6
million lower than outflows recorded for the prior week. The
bullish trend has also spread to short bitcoin over this time.
Where the short bitcoin had seen inflows of a total of $2.6 million
for the prior week, it only saw inflows of $0.2 million. So not
only does this show that institutional investors are pulling out of
long positions, they continue to reduce short exposure too. This
could indicate that they expect the market prices to remain muted
for a while after this. BTC continues to trend low | Source: BTCUSD
on TradingView.com Another part of the market that also saw
outflows was the digital investment products. The prior week, the
outflows had been $17 million. Last week, they came out to a total
of $9 billion. Inflows In Unlikely Places Ethereum has not
been a favorite of institutional investors for a while now. The
altcoin had borne the brunt of its bearishness for the longest
time, leading to months of consecutive outflows. However, things
seem to be looking up for the digital asset. The last week saw
inflows come into Ethereum totaling $3 million for this time. This
follows the announcement that the Merge would be happening in
September, turning the market sentiment in favor of the digital
asset once more. Related Reading: Another Red Weekly Close For
Bitcoin, Why A Rebound Is On The Horizon Altcoins seemed to be the
only ones receiving any sort of inflows for last week too. Although
their volumes came out not very encouraging, there were still
inflows nonetheless. Assets like Cardano saw inflows of $0.5,
presumably following the renewed bullishness in Ethereum. However,
Solana did not see any favor from institutional investors with
outflows of $1.4 million. With the majority of outflows coming from
the US, Germany, and Sweden, blockchain equities recorded outflows
of $1.6 million for the same time period. Featured image from U.S.
Gloabl Investors, chart from TradingView.com Follow Best Owie on
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