'Inflow season' is here and Bitcoin might soon see new highs because of it

'Inflow season' is here and Bitcoin might soon see new highs because of it

ambcrypto.com
3 min read
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Institutions, to a fair extent, never considered Bitcoin to be a worthwhile investment option during its formative years. It was tagged as a 'showy' and 'worthless' asset at that time. However, the aforementioned narrative did manage to change with time. Today, institutional buying, more often than not, coincides with Bitcoin's price appreciating on the charts. […]
Institutions, to a fair extent, never considered Bitcoin to be a worthwhile investment option during its formative years. It was tagged as a 'showy' and 'worthless' asset at that time. However, the aforementioned narrative did manage to change with time.

Today, institutional buying, more often than not, coincides with Bitcoin's price appreciating on the charts.

The 'inflow' season

The buying fever usually sets in during the price hike phases, owing to the fear of missing out. Conversely, during 'dry' phases, new institutional investors end up abandoning their HODLings.

In July-August, for instance, institutional interest remained quite low. Digital asset investment products saw consecutive weeks of outflows during that period. At that time, notably, the prices of most assets from the crypto-space were recovering from May's crash.

Post that, as BTC's price slowly started rallying, the outflows translated into inflows and the amount invested also started picking up pace. Interestingly, the inflows last week saw a massive jump and so did Bitcoin's price.

Now, according to Coinshares' latest data, the cumulative inflow value of all digital asset investment products stood at $1.465 billion –…
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