Investors are increasingly negative

For some time now, the sentiment of institutional investors has been declining. This is consistent with the market outlook. Bitcoin fell below $22000, and the total market value of any digital currency eventually fell below $100 million. As a result, institutional investors' market trends and market prospects have become increasingly negative. The result of last week was that the loss of other digital assets showed that key investors did not bet on Bitcoin.

Institutional investors have been selling their Bitcoin holdings for weeks. Two weeks ago, such investors took out assets from digital assets. Although the turnover is definitely not the highest so far, they still mean that the development prospects of institutional investment are dim. The Bitcoin sales market has experienced capital outflows for the third consecutive week. Digital assets have experienced a sharp decline in investor's bullish sentiment. It is reported that there is still a week of asset outflow, with a total amount of $15 million. This is $6 million less than the outflow of funds the previous week.

Constant outflow

During this period, the bullish trend also extended to bitcoin bearish. The circulation of short bitcoin was only $200000, compared with $2.6 million last week. This shows that institutional investors not only reduce the risk held by both sides, but also reduce the risk of short positions. This may represent a temporary depression in their estimated value. Data project investment product unit is another industry with capital outflow. The capital outflow of the previous week was 17 million yuan. Last week they totaled $9 billion.

For some time now, institutional investors do not like Ether. In the most recent period, digital currency was the first to bear the impact of the bear market in the stock market, which resulted in continuous loss for several months. But for digital assets, the situation seems to have improved. During this period, a project investment worth US $3 million was launched in Ether last week. With the news that the joint venture will be carried out in September, the hot spot of digital assets has become beneficial again.

For the second week, it seems that only altCoins has received a net inflow of funds in any way. Even though their total number is not promising, there is still a net inflow of funds. There is an injection of US $0.5 in Cardano and other assets, which may be due to the rising of the Ether. However, due to the outflow of $1.4 million, Solana could not get all the applications from institutional investors. At the same time, $1.6 million of blockchain technology stocks flowed out, most of which came from the United States, Germany and Sweden.