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<p>The post <a href="https://coinpedia.org/news/major-cryptos-witness-8th-week-of-massive-inflows-will-bull-run-continue/">Major Cryptos Witness 8th Week of Massive Inflows: Will Bull Run Continue?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency market is witnessing a sustained influx of investments, with major assets like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple’s XRP experiencing significant inflows for the eighth week in a row. A new report highlights this trend, noting a remarkable $176 million inflow into crypto asset investment products.</p> 
<h2 class="wp-block-heading" id="h-exploring-the-inflows"><strong>Exploring the Inflows</strong></h2> 
<p>This consistent inflow marks a notable shift in trading volumes, which have significantly increased from the historical average of 3.4% to an average of 11%.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-s-price-movements"><strong>Bitcoin’s Price Movements</strong></h2> 
<p>Bitcoin, in particular, has shown interesting price dynamics. Recently, it reentered an ascending channel pattern, leading to a mix of bullish and bearish sentiments. The BTC/USDT pair is currently at a critical juncture, with potential resistance and support levels at $38,000 and the $32,400–$31,000 zone, respectively.</p> 
<h2 class="wp-block-heading" id="h-xrp-s-whale-transactions"><strong>XRP’s Whale Transactions</strong></h2> 
<p>In the case of Ripple’s XRP, Whale Alert has reported significant transactions, indicating substantial movement in the market. Two major transactions involving tens of millions of XRP from a Ripple Labs-activated wallet were noted, reflecting strategic transfers to exchanges.</p> 
<h2 class="wp-block-heading" id="h-statistical-insights-into-the-inflows"><strong>Statistical Insights into the Inflows</strong></h2> 
<p>The continuous inflows over the past eight weeks have brought the year-to-date total to US$1.32 billion. However, this figure still lags behind the inflows seen in 2020 and 2021, which were US$6.6 billion and US$10.7 billion, respectively.</p> 
<p>Regionally, the trends vary. The United States saw withdrawals from futures-based products, while Canada, Germany, and Switzerland continued to report robust inflows, highlighting diverse investor sentiments across different geographies.</p>

Major Cryptos Witness 8th Week of Massive Inflows: Will Bull Run Continue?

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