The second edition of Bybit's Smart Money Report provides an in-depth understanding of institutional investors' strategies in the crypto market. The report tracks capital inflows and trading activity of major players.
Institutional Bets: ETH, BTC, and RWA Leaders
The report indicates that smart money wallets support ETH, BTC, ONDO, UNI, and WLD. Ethereum is the clear leader due to its long-term scaling prospects, staking rewards, and regulatory certainty. The presence of Bitcoin (BTC) remains traditional, while ONDO is seeing increased demand for RWA-focused DeFi platforms.
Trading Activity: ETH Accumulation and SOL Derivatives Surge
Whales have significantly increased their purchases of ETH, strengthening its position in the smart money portfolios. At the same time, SOL derivatives activity has surged, indicating that the historical underperformance of the asset may soon change. In contrast, Avalanche (AVAX) showed weakness with substantial outflows and low accumulation through institutional channels.
Declining Stablecoin Reserves Signal Market Rotation
The amount of stablecoins at major centralized exchanges has fallen to its lowest point in the last three months. Bybit's report interprets this as a sign of a risk-on environment, attracting capital for active investments on both spot and derivatives markets. The dead liquidity is now being utilized as investors gain confidence, adding to market volatility and opportunities.
Bybit's report offers valuable insights into the current trends and preferences of institutional investors in the crypto space, also demonstrating changes in trading strategies.
