The digital asset market witnessed a $452 million 24-hour liquidation indicating high volatility. Despite this, massive inflows into major assets show traders are still reinvesting, with Bitcoin being the most favored.
Bitcoin Captures the Spotlight
Bitcoin saw $149.86 million in inflows, showing strong recovery despite liquidation. Investors redirected liquidated funds into BTC as it is perceived as a safer asset among crypto markets.
Altcoins Experience Strong Inflows
Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and XRP registered significant inflows, reflecting continued investor demand. The 'Others' segment accounted for $59.72 million, indicating fund reallocation into smaller or emerging cryptocurrencies.
RARE Struggles in Market Rebalance
While most assets saw positive inflows, RARE stood out in the red, possibly due to direct liquidations, selling pressure, or market uncertainty about its performance.
Despite challenges, the overall market sentiment remains optimistic. Bitcoin and leading altcoins attracting significant investments is a sign of market resilience.
