Institutional Whales’ Rally Strategy Revealed: “They Sell on Solana, Bought Bitcoin and These Altcoins!”

Leading cryptocurrency Bitcoinexceeding $ 65,000 during the day and approaching its ATH of $ 69,000 step by step. Coinsharespublished its weekly cryptocurrency report.

Stating that it experienced $1.84 billion inflows into cryptocurrency investment products last week, Coinshares said that the inflows continued and saw the second largest weekly inflow on record.

“Cryptocurrency investment products saw the second largest weekly inflows on record totaling $1.84 billion. “Transaction volumes in investment products reached a record of over 30 billion dollars this week.”

While Bitcoin Breaks a Record Again, the Number of Those Expecting a Decline in BTC Is Increasing!

When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.

BTCthe largest while experiencing inflows of $1.72 billion, representing nearly over 90% of all inflows in altcoin Ethereum (ETH) An inflow of 84.7 million dollars was seen.

Indexed to the decline of BTC In the Bitcoin Short fund, while the inflows increased compared to last week, there was an inflow of 22.2 million dollars.

When we look at other altcoins Litecoin (LTC) 1.2 million dollars, XRP 2.5 million dollars, Chainlink (LINK) While experiencing an entry of 1.6 million dollars; Solana (LEFT) It had an outflow of $11.9 million.

“94% of inflows were into Bitcoin, totaling $1.72 billion, but recent price movements caused short-term investors to double down and further inflows into the short Bitcoin fund amounting to $22 million.

Ethereum saw its largest weekly inflow since mid-July 2022, totaling $85 million last week.

While XRP recorded an inflow of $2.5 million, Solana saw an outflow of $12 million.”

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 1.88 billion dollars.

After the USA, Switzerland ranked second with 19.6 million dollars.

Against these inflows, Germany received 34.8 million dollars; Sweden $31.6 million; Canada, on the other hand, experienced an outflow of 23.1 million dollars.

*This is not investment advice.

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