The outflow of funds from cryptocurrency investment products from February 25 to March 3 amounted to $17 million compared to $1.9 million a week earlier. Such estimates led analysts CoinShares.
Investors withdrew $20.1 million from traditional bitcoin funds ($11.7 million a week ago). The inflow to structures that allow opening shorts on the first cryptocurrency amounted to $1.8 million (in the previous reporting period, $9.9 million).
“The negative sentiment likely reflects continued investor concerns about regulatory uncertainty in this asset class,” analysts said.
Minor inflows were observed in altcoins. In products based on Ethereum and Solana, they amounted to $0.7 million and $0.34 million, respectively, based on various altcoins – $0.8 million.
Recall that LookIntoBitcoin experts pointed out the need for the price of bitcoin to overcome the $25,000 mark in order to move towards $30,000.
Earlier, Adam Farthing of B2C2 came to a similar conclusion.
In March, analyst Michael van de Poppe noted the importance of the next few weeks for bitcoin and allowed its price to fall below the $20,000 level.
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