Recent data shows shifts in capital flows in the digital asset market. Ethereum continues to gain interest among institutional investors, while Bitcoin faces outflows.
Current Situation in the Digital Asset Market
According to CoinShares, the total inflow of funds into digital assets last week was $286 million, but Bitcoin experienced an outflow of $8 million. In recent weeks, there has been positive momentum in asset inflows, but Bitcoin continues to show weakness amid growing interest in Ethereum.
Ethereum's Position and Its Market Impact
Ethereum is leading with institutional inflows of $321 million over the past week and $1.19 billion over the past six weeks. This is linked to the increasing activity in decentralized finance (DeFi). Meanwhile, XRP recorded an outflow of $28 million, indicating declining interest from institutional players.
Technical Aspects of Bitcoin
Bitcoin's price remains volatile, hovering around $106,000. It is testing key resistance levels between $105,900 and $106,720. Failure to break this level could drop prices to $103,000. Conversely, sustained movement above $105,500 may re-establish bullish momentum.
With the current pressure from Ethereum and ongoing regulatory delays for XRP, Bitcoin faces new challenges in maintaining its market leadership. The future price direction will depend on short-term sentiment and technical strength.
