Recent data shows a significant increase in investments into Bitcoin ETFs, creating positive trends in the cryptocurrency market.
The ETFs Market and Institutional Investments
According to recent data, U.S. Bitcoin ETFs recorded one of the highest daily inflows in three months, totaling 7,500 BTC on Monday and an additional 3,400 BTC on Tuesday. The two-day total reached 10,900 BTC, demonstrating growing confidence among institutional investors. Leading the ETF market are Fidelity and BlackRock, with Ark and Bitwise also seeing positive flows.
Return of Retail Investors
Retail investors are showing early signs of a comeback after weeks of low demand. Data from CryptoQuant indicates that the 30-day change in demand for transfers under $10,000 has turned positive. This suggests renewed interest in low-cap purchases and small wallet accumulation. As Bitcoin holds steady at $118K, the rising retail interest supports the current bullish trend.
Market Caution and Growing Attention to Indicators
Despite bullish inflows, caution signals are emerging across market indicators. Hyblock data shows cumulative open interest exceeding $2.2 billion, with the Fear & Greed Index at 70, indicating increased attention to 'Greed'. Historically, such conditions align with local tops. Additionally, macroeconomic indicators suggest this bullish market is not driven by money supply expansion, unlike past cycles.
In conclusion, the current state of the cryptocurrency market is characterized by significant investments from both institutional and retail investors. However, caution is warranted due to rising indicators of market greed.
