Weekly Critical Report for Bitcoin (BTC) and Altcoins is Here! “The Table is Bad for Ethereum (ETH), Good for XRP and Two Altcoins!”

Bitcoin (BTC) has been trading sideways in the $65,000-$70,000 range in recent days.

However, the risk of a decline for Bitcoin is still not over, and analysts generally predict that further drops are possible.

At this point, while some analysts predict Bitcoin could fall to the $50,000 level, Coinshares published its cryptocurrency report stating that only $173 million in outflows occurred last week.

Bitcoin Leads the Exodus!

Looking at crypto funds individually, outflows were observed to be in Bitcoin.

Bitcoin experienced outflows worth $133.3 million, while Ethereum (ETH) saw outflows of $85.1 million.

Looking at other altcoins, XRP saw inflows of $33.4 million, Solana (SOL) $31 million, and Chainlink (LINK) $1.1 million, while Hyperliquid (HYPE) saw inflows of $1 million.

“Bitcoin showed its weakest market sentiment with outflows totaling $133 million. However, short positions in Bitcoin investment products also saw outflows totaling $15.4 million in the last two weeks. This is a common occurrence near market bottoms.”

Ethereum saw outflows of $85.1 million, while Hyperliquid experienced outflows of $1 million.

In contrast, XRP, Solana, and Chainlink saw inflows of $33.4 million, $31 million, and $1.1 million respectively, and the positive sentiment in altcoins continued.

Looking at regional fund inflows and outflows, the US ranked first with an outflow of $403 million.

The US was the only country to experience outflows, while Germany saw inflows of $114.8 million, Canada $46.3 million, and Switzerland $36.8 million.

*This is not investment advice.

Continue Reading: Weekly Critical Report for Bitcoin (BTC) and Altcoins is Here! “The Table is Bad for Ethereum (ETH), Good for XRP and Two Altcoins!”