According to BIT analysis, the combined institutional funds inflow indicator shows that the cryptocurrency market experienced a cumulative inflow of approximately $6.7 billion over the past 30 days, encompassing MicroStrategy purchases, Bitcoin ETF fund flows, and stablecoin issuance. In contrast, June saw a net outflow of about $13 billion, indicating a clear reversal in fund flows. BIT notes that the current improvement in inflow trends provides support for market momentum, but further acceleration in capital inflows is still needed to drive a larger rally in Bitcoin.
The crypto market saw $6.7 billion in inflows over 30 days, reversing June’s outflows.
TechFlowShare
Summary
Over the past 30 days, inflows into the crypto market reached $6.7 billion, according to BIT data citing TechFlow. This includes purchases by MicroStrategy, ETF inflows, and stablecoin issuance, reversing June’s $13 billion in net outflows. While inflows and outflows indicate improved momentum, BIT notes that further acceleration is needed for significant Bitcoin price movements.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.