• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Institutional investor

Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue

Best Owie by Best Owie
6 months ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

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.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

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.

Bitcoin price chart from TradingView.com

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. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

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 Twitter for market insights, updates, and the occasional funny tweet…

Tags: bitcoinBitcoin Outflowsbitcoin pricebtcbtc pricebtcusdInstitutional Investors
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Best Owie

Best Owie

Related Posts

Bitcoin

Bitcoin Small Addresses Have Been Rapidly Growing, Here’s What It Means

8 hours ago
Bitcoin Network

Craig Wright Wants His $2.5 Billion, Demanding For a Bitcoin Hard Fork

2 days ago
Bitcoin

Don’t Get Too Greedy On Bitcoin, Analyst Suggests, Here’s Why

3 days ago
bitcoin price bear

Will Bitcoin Price Return To $20,000? Here’s What Investors Expect

3 days ago
Bitcoin

Bitcoin Short-Term Holder Profit Taking Reaches Levels Not Seen Since Nov. 2021

5 days ago
Bitcoin crypto liquidations

Crypto Market Still Reeling As Bitcoin’s Break Above $24,000 Triggers Liquidations

5 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Aptos (APT) Could Be the Next Crypto to Explode in 2023, But Some Experts Think It Could Be Orbeon Protocol (ORBN)

February 7, 2023

Is January 2023 A Good Time To Buy Bitcoin?

February 7, 2023

Meta Masters Guild Blows Past $3 Million in Presale as Stage 5 Comes to a Close

February 6, 2023

Investors in Cardano (ADA) And Solana (SOL) Are More Interested In Flasko (FLSK) Presale

February 6, 2023

QIE Wallet & Web 3 Banking – The Entry Point to QI Ecosystem

February 6, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.