Bitcoin (BTC) and altcoins started the new week positively, with Bitcoin rising above $110,000 and Ethereum above $4,000. As the market continues to recover due to the approaching FED interest rate decision and improving macroeconomic conditions, CoinShares released its weekly cryptocurrency report and saw a net outflow of $513 million last 0 outflows were driven by Bitcoin products, which recorded $946 million in outflows, while the two-week inflow trend was also 1 investment products saw $513 million in outflows last week following the liquidity surge on October 10, but ETP investors largely shrugged it 2 Sentiment Prevails in Bitcoin, Positive Sentiment Prevails in Ethereum and Altcoins!
When looking at individual crypto funds, it was seen that the majority of outflows were in 3 Bitcoin experienced an outflow of $946 million, Ethereum (ETH) experienced an inflow of $205 4 at other altcoins, Solana (SOL) saw an inflow of $156.1 million, XRP $73.9 million, Sui (SUI) $5.9 million, and Cardano (ADA) $3.7 million. “Bitcoin was the main focus as it was the only major asset to see outflows totaling $946 million last 5 viewed the price weakness in Ethereum as a buying opportunity, seeing $205 million in 6 largest weekly inflow was into a 2x leveraged ETP with a total of $457 million, demonstrating a sense of confidence among 7 and XRP generated inflows of $156 million and $73.9 million, respectively, driven by excitement around their anticipated ETF 8 looking at regional fund inflows and outflows, the USA ranked first with an outflow of $621 9 the USA, Sweden had an outflow of $54.2 million and Hong Kong had an outflow of $9.8 10 the face of these outflows, Germany experienced an inflow of $59.3 million and Switzerland $48 million. *This is not investment 11 Reading: The Great Crash Led to a $1 Billion Sell-Off in Bitcoin!
But Huge Buy-Offs Came for Ethereum, Solana, XRP, and Altcoins!
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