<ul> 
 <li>Crypto prices ascend as institutions persist in selling off, hinting a phase transition.</li> 
 <li>Bitcoin experiences the heaviest outflows, yet remains a favorite.</li> 
 <li>Ethereum, despite its potentials, remains less preferred among institutions.</li> 
</ul> 
<p><strong>Amidst rising crypto prices, institutions are offloading, which, according to CoinShares, might indicate a nearing end to the capitulation phase.</strong></p> 
<h2 id="strong-bitcoin-reigns-supreme-despite-massive-outflows-strong"><strong>Bitcoin Reigns Supreme Despite Massive Outflows</strong></h2> 
<p>Bitcoin, often referred to as the flagship cryptocurrency, experienced the most significant sell-off, accounting for a staggering 85% of all institutional activities. Despite this, it witnessed inflows amounting to $12 million in the past month, consolidating its position as a favored investment.</p> 
<h2 id="strong-ethereum-s-mysterious-underperformance-strong"><strong>Ethereum’s Mysterious Underperformance</strong></h2> 
<p>Labeled as 2023’s least-loved digital asset, Ethereum continues to record negative streaks, amounting to $4.8 million worth of sales by institutions over the past week. This downturn, accumulating to $117 million of outflows for the year, has left analysts like Butterfill puzzled, especially given Ethereum’s appealing investment fundamentals.</p> 
<h2 id="strong-an-indicator-of-changing-phases-strong"><strong>An Indicator of Changing Phases</strong></h2> 
<p>Despite the general negative sentiment, both Bitcoin and Ethereum have shown a price increase of 6.5% and 5.4% respectively over the past week. Butterfill interprets the combination of rising prices and significant outflows as a potential sign that the crypto market is nearing the end of its capitulation phase.</p> 
<h2 id="strong-u-s-leads-in-crypto-outflows-amid-regulatory-pressure-strong"><strong>U.S. Leads in Crypto Outflows Amid Regulatory Pressure</strong></h2> 
<p>In the last week alone, institutions have offloaded crypto assets worth $53 million. This number escalates to an alarming $455 million over the past nine weeks. With its stringent regulatory framework, the U.S. spearheads this trend, responsible for 77% of the total outflows. Germany and Canada, though trailing by a significant margin, also exhibit notable crypto offloads.</p> 
<h2 id="strong-trade-volumes-surge-a-silver-lining-strong"><strong>Trade Volumes Surge: A Silver Lining?</strong></h2> 
<p>Despite the outflows, there’s a silver lining. CoinShares report highlighted a 42% week-to-week surge in trade volumes, reaching a commendable $1 billion in the past seven days. This uptick might indicate a growing trader interest, perhaps suggesting an imminent shift in the market’s trajectory.</p> 
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The crypto market remains as dynamic as ever, with institutions offloading assets, suggesting a potential shift in market phases. While Bitcoin maintains its charm despite massive outflows, Ethereum’s underperformance is a conundrum. Nevertheless, the rising trade volumes and the analysis provided by CoinShares’ Butterfill provide a hopeful glimpse into the future, indicating that the prolonged capitulation phase might soon see its end.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/whats-behind-institutions-selling-off-crypto-prices/">What’s Behind Institutions Selling Off Crypto Prices?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

What’s Behind Institutions Selling Off Crypto Prices?

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