Institutional Whales Sell Bitcoin (BTC) and Ethereum (ETH) and Turn Their Attention to These Four Altcoins!

The new week began with tensions surrounding the investigation between US President Donald Trump and Federal Reserve Chairman Jerome Powell.

Despite this tension, Bitcoin (BTC) and altcoins experienced a slight recovery, with privacy-focused altcoins like XMR and ZEC attracting attention with their gains.

This week, while Bitcoin and altcoins were being monitored due to the Trump-Powell tension and US CPI figures, Coinshares released its cryptocurrency report, stating that there was a $454 million outflow last week.

“Last week, outflows amounting to $454 million occurred.”

The $1.3 billion in outflows over four days almost completely wiped out the $1.5 billion inflows from the first two days of the year, especially given the low expectations for a March Fed rate cut.

Exits Concentrated in Bitcoin!

Looking at crypto funds individually, it was observed that the majority of outflows were in Bitcoin.

On a weekly basis, Bitcoin experienced an outflow of $404.7 million, while Ethereum (ETH) saw an outflow of $116.1 million.

Looking at other altcoins, inflows continued, with Solana (SOL) seeing $32.8 million, XRP $45.8 million, Sui (SUI) $7.6 million, and Chainlink (LINK) $3 million in inflows.

“Bitcoin was the asset most affected by negative market sentiment, experiencing outflows of $405 million last week.”

Ethereum saw a total outflow of $116 million last week, while Binance and Aave products recorded smaller outflows of $3.7 million and $1.7 million respectively.

Positive expectations continued for XRP, Solana, and Sui, resulting in inflows of $45.8 million, $32.8 million, and $7.6 million respectively.

Looking at regional fund inflows and outflows, the US ranked first with an outflow of $568.9 million.

After the US, Germany experienced inflows of $58.9 billion, while Canada received $24.5 billion.

In response to these inflows, Italy and Brazil experienced very small outflows.