Seeking Alpha
2023-01-23 15:40:24

Short-bitcoin products see largest weekly inflow since July 2022 - report

On a year-to-date basis, bitcoin ( BTC-USD ) has erased all of its losses since the collapse of FTX ( FTT-USD ) late last year, but some cryptocurrency-market investors don't appear to trust the stability of the recent rally. Indeed, inflows for investment products that allow investors to bet on lower bitcoin ( BTC-USD ) prices totaled $25.5M in the week ended Jan. 20, marking the largest weekly inflow since the $51M mark in July 2022, according to a recent CoinShares report. Since the start of 2023, bitcoin ( BTC-USD ) has surged 37% to $22.83K and ethereum ( ETH-USD ) jumped 33.6% to $1.62K. The upswings coincide with the stock market's ( SP500 ) 4.8% run-up and the tech-heavy Nasdaq's ( COMP.IND ) 8.7% climb, as market participants become more confident that inflation has passed its peak. Overall, digital asset investment products last week saw inflows of $37M, 68% of which was into short investment products, the report noted. Trading activity was exceptionally high at $1.6B, topping the 90-day average, with bitcoin ( BTC-USD ) accounting for 80% of that total. While investors grew more bearish on bitcoin ( BTC-USD ), altcoins such as ether ( ETH-USD ) ($4.2M), polkadot ( DOT-USD ) ($1.0M), cardano ( ADA-USD ) ($0.6M), ripple ( XRP-USD ) ($0.6M) and avalanche ( AVAX-USD ) ($0.5M) saw inflows for the week. Seeking Alpha contributor pointed out seven factors for bitcoin ( BTC-USD ) investors to watch out for in 2023 .

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约