Institutional investors’ reactions to the bitcoin price crash have been quite similar to that of retail investors. After weeks of outflows, the tides have begun to change, largely credited to the low prices that offer a chance to get into the digital asset before a recovery. The past week saw inflows for the digital asset, although other assets tell a different story. Bitcoin Sentiment Recovers Bitcoin sentiment had declined far into the negative following the price crash of last week. With the digital asset reaching as low as $17,600, it triggered massive sell-offs across the space. However, not everyone in the space had seen the declining prices as a signal to sell. For some, it presented a unique opportunity to get some ‘cheap’ bitcoins which is what is seen across the institutional investors. Bitcoin’s outflows had been ramping up over the previous week due to the low momentum in the market. This had turned for the better last week when the outflow trend had been canceled and money began to flow into the cryptocurrency. Related Reading | Bitcoin Miner Liquidations Threaten Bitcoin’s Recovery The leading cryptocurrency had benefitted the most from this turn in investor sentiment as its inflows came out to $28 million for the week. Now, this is not exactly an impressive figure when it comes to inflows for bitcoin. However, it is important due to not only the market sentiment but the fact outflows had characterized...
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