Even though Bitcoin Cs is sinking, but the flow of funds to crypto is heavy

[Alichlas92]

In the midst of the correction in the crypto market last week, it was recorded that investors began to reenter digital coin assets.

Cryptocurrency products and funds returned to record inflows last week.

Based on data from CoinShares, institutional investors poured around US$154 million or around Rp. 2.19 trillion (assuming an exchange rate of Rp. 14,250/US$) in the crypto sector in the week ending November 21, bringing the total cash inflows this year to US$ 9.2 billion or Rp 131 trillion, exceeding the total cash inflows in 2020 of US$ 6.7 billion or Rp 95.48 trillion.

Bitcoin got the lion's share of the inflows reaching US$ 114.4 million (Rp 1.63 trillion), equivalent to 74% of the total crypto cash flow. So far this year, the total inflows into bitcoin products and funds reached US$ 6.7 billion or Rp 95.48 trillion.


"Bitcoin is poised to hit a low and may not be over until confident traders feel the bottom," said Edward Moya, senior market analyst at OANDA in New York.

Blockchain data research company Glassnode, in its latest research report on Monday (11/22/2021) yesterday said that bitcoin holders are currently taking profits after the price hit a new record high earlier this month.

“A spike in on-chain profit-taking during a bearish trend will occur as the bitcoin price has climbed to new highs and this is true for investors in any bull market, as profit realization increases, as does the likelihood of a macro peak forming,” he said. Glassnode, reported by Reuters.

On Ethereum, inflows for the fourth week in a row increased by $12.6 million. So that the total inflows on ethereum in the last four weeks reached US $ 80 million.

However, for some altcoins, such as cardano for the first time in months, the digital coin scored an outflow even though it was likely to be small, amounting to US$2.1 million or Rp. 29.93 billion.

Meanwhile in Solana, cash inflows increased by US$ 8 million (Rp 114 billion). By measuring the total inflows over the past month, the total inflow in the digital coin Solana reached US$ 43 million (Rp 612.75 billion) last month.

On the other hand, asset under management (AUM) from digital asset management companies, namely Grayscale and CoinShares, reached US$ 51.62 billion (Rp 736 trillion) and US$ 6.5 billion (Rp 93 trillion) respectively in a month. final.

[masterrex]

IMO, I believe thats normal, because every time the Bitcoin price Dip, it was considered as an opportunity for others to grab some Bitcoin as an entry at that price, so the flow of money into the market continues, It just happens every time and there's nothing new about it, the Market has always acting weird since my first journey into the crypto space.

[Senin]

Of course, there will be an inflow of capital into the cryptocurrency under any conditions of this market, and especially when prices on it fall. For those who have been in this market for a long time, this is a good time to invest. Only beginners are afraid of a period of falls.
True, the current fall in prices may drag on for a long time. During the Christmas and New Year holidays, people spend more money than they invest. Therefore, until the second half of February, I do not see the conditions for a significant rise in prices in this market.

[Noverteno]

This is the way it should be. Smart people invest in cryptocurrency during a market decline, only beginners do it during a market growth. The continued growth of capital investment in cryptocurrency in the current state of the market testifies to people's confidence in cryptocurrency. Therefore, after some time, we will definitely see the next wave of growth in prices for our cryptocurrencies.