Altcoin Investments Resumed for the First Time in Five Weeks
Date: 2025-04-01 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
However, among these investments, a positive inflow into altcoins was recorded for the first time in five weeks, amounting to $33 million.
Over the previous four weeks, investors withdrew a total of about $1.7 billion from altcoins, which indicates a noticeable change in market sentiment.
The following altcoins received the largest profits during the reporting period:
- Ethereum — $14.5 million;
- Solana — $7.8 million;
- XRP — $4.8 million;
- Sui — $4 million.
At the same time, interest in Bitcoin-based instruments has decreased slightly. Capital inflows fell from $724 million to $195 million.
US spot Bitcoin ETFs continued to show positive dynamics for the second week in a row, attracting $196.5 million during the reporting period. This may indicate continued investor confidence in Bitcoin in the face of market instability.
However, instruments designed to open short positions on Bitcoin lost $2.5 million, which is less than the previous loss of $3.6 million.
It is important to note that on March 31, the price of Bitcoin fell below the $82,000 level, which is associated with the approach of new trade tariffs in the United States.
Experts from CryptoQuant pointed out warning signs found in four different indicators. One of the company's analysts confirmed that the MVRV indicator does not yet indicate a price bottom for Bitcoin.
Earlier, analysts surveyed by Bloomberg suggested that the current rebound in Bitcoin prices could be a "bull trap," raising concerns about the sustainability of the recovery.
