Bitcoin Inflows Surpass $100 Million
Bitcoin is rising above $39K this morning aside from what the mainstream media would tell you that we are hunkering-down in a bear market. And there’s also this –
Bitcoin Inflows Surpass $100 Million
“Following the December crash, sentiment from institutional investors had turned negative, causing them to withdraw from the market. This led to a reversal of the inflows trend that had been the order of the day just a few weeks prior. However, after weeks of outflows, sentiment has now turned in favor of bitcoin as the same investors have regained confidence in the asset.
This newfound confidence shines through in the number of inflows recorded for bitcoin for the past week. While the broader market had panicked believing that it was the end of the rally, institutional investors had taken this as an opportunity to fill up their bags. In the past week alone, bitcoin inflows totaled $101 million, reaffirming the belief of big money in the digital asset.”
https://bitcoinist.com/bitcoin-inflows-on-the-rise/