In the fast-paced world of crypto assets, investment trends are constantly evolving. Half of the year, the industry saw inflows of just under $0.5 billion, according to Coinshares’ “Weekly Digital Asset Fund Flows Report.” While this indicates a healthy interest in the market, there has been a notable shift in investor sentiment in recent weeks. Meanwhile, AVAX and short Bitcoin took their place among the coins sold. Here are the details…
AVAX and these coins are on sale
The report revealed that there was a significant 93 percent outflow of long Bitcoin investment products, reaching $3.1 million for 14 consecutive weeks. This trend shows that investors have benefited from profits recently, but overall sentiment towards the leading cryptocurrency remains supportive. Interestingly, the focus of investors seems to have shifted towards altcoins, with the exception of Ethereum. Altcoins saw an influx of $3 million last week, with entries totaling an impressive $19 million in the past eight weeks. Leading among altcoins, Cardano, Solana and XRP witnessed the biggest inflows with $0.64 million, $0.6 million and $0.5 million, respectively. Litecoin also registered an inflow of $0.4 million.
In contrast, Ethereum has seen minor outflows totaling $1.9 million and AVAX has seen outflows of $0.4 million over the same period. Despite these exits, Ethereum remains a dominant force in the market. Its long-term prospects continue to attract the attention of investors. The report also looked at trading volumes for crypto-asset investment products, which were relatively low at $915 million during the week. This figure pales in comparison to the weekly average of US$1.5 billion recorded throughout the year so far. A similar trend has been observed in the broader Bitcoin market. A total of US$16 billion was traded on reputable exchanges last week, compared to an average of US$52 billion per week throughout the year.
Wealth distribution varies from country to country.
Apart from the BTC sale, AVAX also drew attention to regional changes. Regionally, the negative mood was seen to be concentrated in North America, with both the US and Canada witnessing $11 billion outflows. However, the situation on the international front was not very encouraging, as there was an inflow of 5 million dollars in Germany. Meanwhile, Switzerland and Sweden reported output of $3.2 million and $2.6 million, respectively. It is worth noting that the cryptocurrency market is known for its volatility and unpredictability. As such, investor sentiment and trends are driven by a variety of factors. As we have also reported as Kriptokoin.com, it can change rapidly depending on a variety of factors, including regulatory developments, technological advances and market sentiment.
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