Institutional Investors Refocus On Bitcoin As Market Losses Intensifies

The recent market losses have seen institutional investors shift their focus once more to bitcoin. Inflow and outflow trends paint a very vivid picture of going back towards bitcoin to minimize the losses being realized from altcoins. This has seen most of last week’s inflows going into the pioneer cryptocurrency, as altcoins mark another week of little to no inflow. $126 Million To Bitcoin The last week has seen renewed faith in the performance of bitcoin. This is evidenced by the fact that institutional inflows into the digital asset had topped at $126 million. Although the last couple of months have been a bit shaky when it comes to inflows, this indicates that there is the possibility of a complete turn in the tide coming. Related Reading | Bullish: Bitcoin Marks First Green Weekly Close After Two Months In The Red With $126 million flowing into bitcoin, the total year-to-date inflows have now surpassed half a billion dollars to be sitting at $506 million. This inflow trend follows the uncertainty that has been rocking the market in the last couple of weeks. Short bitcoin was not left out of the renewed interest. Inflows had risen to a total of $1.3 million last week. This now brings the total year-to-date inflows to $55 million, which accounts for 30% of all assets under management (AuM). BTC resumes downtrend | Source: BTUCSD on TradingView.com Institutional Investors Leave Altcoins The past week showed lacklus...