Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

NewsBTC 2022-08-23 23:00:52

Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue

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 position...

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.