Corporate Whales Continue Selling Bitcoin and Ethereum! Here’s Why!

Due to the tension between Iran and Israel last week Bitcoin ve in altcoins While there were sharp declines, recoveries started this week.

While BTC exceeded $66,000, CoinShares published its weekly cryptocurrency report.

Stating that cryptocurrency investment products experienced outflows totaling $206 million for the second week in a row, Coinshares said that these outflows were due to investors’ concerns about interest rate expectations.

“Cryptocurrency investment products saw outflows totaling $206 million for the second week in a row as investors worried about interest rate expectations.”

Ethereum (ETH) Sales Continue for the 6th Consecutive Week!

When looking at crypto funds individually, the majority of fund outflows Bitcoin’It was also seen that there was.

BTC is the largest altcoin while experiencing an outflow of $ 192 million Ethereum‘da da (ETH) An outflow of 34.2 million dollars was seen.

BTCThere was a small outflow of $0.3 million in the Bitcoin Short fund, which was indexed to the decline of .

Other to altcoins when we look at Litecoin (LTC) 3.2 million dollars, Polkadot (DOT) 1.5 million dollars, XRP While experiencing an inflow of 1.3 million dollars; Solana (SUN) It had an outflow of 0.3 million dollars.

“Bitcoin saw an outflow of $192 million, but few investors saw this as a short selling opportunity. The BTC short fund saw an outflow of $0.3 million.

Ethereum saw $34 million in outflows, marking its 6th consecutive week in outflows. Sentiment increased in altcoins last week with $9 million inflows. Litecoin and Chainlink saw inflows of $3.2 million and $1.7 million respectively.”

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 244 million dollars.

After the USA, Germany ranked second with 8.3 million dollars.

Against these outflows, Canada lost 29.9 million dollars; Brazil experienced an inflow of 5.5 million dollars.

*This is not investment advice.