Mak Keiser responded on Twitter to CoinShares’ most recent study on institutional investment in cryptocurrencies.
According to the survey, the market leader in cryptocurrencies, Bitcoin, has this time significantly outperformed all other crypto assets, including XRP, ETH, BNB, LTC, and other altcoins. The prideful statement “everything goes zero against Bitcoin” was written by him.
99% of the inflows recorded by CoinShares last week were made by institutional funds investing in BTC, which totaled $139.8 million.
Month-to-date According to the data, $277 million of the $571 million invested in bitcoin through CoinShares so far this year. Last week, there were $1.6 million in Ethereum outflows. Only $0.1 million, $0.5 million, and $0.3 million respectively were invested in XRP, Solana, and Litecoin.
The amount of inflows from Cardano and Polygon was $0.1 million and $0.5 million, respectively.
Mature holders accumulating Bitcoin, not selling it – Glassnode
The Bitcoin Long-Term Holder Supply measure has stayed at the most recent all-time high of 14.5 million BTC, according to Glassnode Analytics. The tweet speculates that this would mean seasoned investors now choose buying and hoarding Bitcoin over selling or distributing it.
On hearing that the court had declared XRP to be a non-security asset last Friday, Bitcoin rocketed past the $31,000 mark. The announcement caused XRP to increase by almost 70%. However, when the new week began, Bitcoin fell below the $30,000 threshold due to what appears to be a lack of liquidity in the market. Additionally, since it hit the most recent high, short-term investors and miners have been aggressively dumping Bitcoin.
