CoinShares: Investors buy bitcoin despite the "bear" mood – Bits Media

Coinshares analysts claim, that against the backdrop of negative moods in the market, the total amount of assets under control is at the lowest level since February 2021 of the year.

According to the new weekly report Coinshares, Outflow of capital from cryptocurrency funds Compiled $39 million. The total amount of assets running (AuM) now is at the lowest level since February 2021 year and compiles $36 billion, What's on 59% below the peak value of November 2021 of the year. but, Despite the negative moods, Investment flows in cryptocurrencies since the beginning of the year have remained positive - $403 million.

The outflow over the past weeks has occurred exclusively with Canadian exchanges ($141 million), While the US exchange traffic was compiled by the US exchange $79 million, And on the exchanges of Europe and Brazil - by $12 million. The authors of the report claim, that last week the influx in bitcoin compiled $28 million, In this case, the monthly indicator reaches $46 million. Probably, Many investors buy bitcoin at low prices for a long time in the hope of an increase in the asset after cryptosim.

At the same time, at the beginning of last week, the number of orders for the sale of bitcoin reached a record high level in $64 million. At the same time, a record outflow of capital was observed for a total $5.8 million, what is saying about, that negative sentiments among investors go into the peak phase. Investment products with several assets, the most stable in terms of investment, Last week we received an influx of capital in the amount $9 million.

Ethereum continues to lose capital - last week the outflow of money from the second one according to the capitalization of cryptocurrency $70 million, And from the beginning of the year - $459 million. Solana, it seems, It makes benefits from investors' fears about the merger of ETH2: The tributary in cryptocurrency this week was $0.7 million, And from the beginning of the year - $109 million.

Recall, that last week, Bitcoin continued to fall against the backdrop of a decrease in the traditional stock market and dispersed inflation. BTC overcame the minimum of December 2020 of the year, Pulling ETH and other cryptocurrencies.