BTC, ETH fight as a crypto -ETP drainage reached the fifth week in a row
BTC, ETH fight as a crypto -ETP drainage reached the fifth week in a row
- Bitcoin and Ethereum traded in important levels of 1.7 billion US dollars of crypto investment outflows last week.
- The negative currents now take five weeks, with drainage ran for 17 days.
- BTC acted just over $ 83,000, while ETH hovered near $ 1,900 after the letter.
Bitcoin and Ethereum prices continue to fight in a wider market depression.
on Monday, March 17, 2025, both BTC and ETH only in green with $ 83,417 and USD 1,907. The two most important digital assets after market capitalization rose by 1.1% or 1.5%.
The view reflected the wider cryptoma market, on which billions of dollars were wiped out of the market. In addition, the massive liquidations were to hit cryptocurrencies, since BTC negatively decreased with the price below $ 100,000 and then 90,000 US dollars.
digital assets see drains for the fifth week in a row in a row
per last report Investment products for digital assets remain the Bärische pressure on how to assemble. James Butterfill, research manager at Crypto Asset Manager Coinshares, reported that the market lasted a fifth week of the outflows in a row.
Investors pulled over $ 1.7 billion from Crypto Exchange Traded Products (ETPS) and other investment products for the week ending on March 14. Overall, she extended the negative rivers from $ 6.4 billion to five weeks.
"This is also the 17th day of the drains in a row, the longest negative stripes since the beginning of our records in 2015," remarked Butterfill.
Despite the darkness, the tributaries remain in a positive area of $ 912 million.
What analysts look at, however, is the persistent price correction. For many, this should take advantage of the trust of investors, which is low according to the concerns of tariffs and general nervous views of risk assets.
The negativity has already reduced the total assets by $ 48 billion to $ 133 billion.
top two of market capitalization lead in drains
The weekly drains from Bitcoin reached $ 978 million and increased its five-week total to an astonishing exit of $ 5.4 billion. Interestingly, investors have also handled short-bitcoin positions.
Last week in a short BTC positions of $ 3.6 million were made from stock exchange positions and other products for digital assets.
In a comment on what could be for BTC and other assets, analysts from QCP Capital noted :
"BTC holds strong, but will Makro -Pre -Wind take over?
The trend was also down for Ethereum - both in terms of the market price and in relation to the Aum investment products. In the past week, affected investors drew $ 175 million from ETH products, which corresponded to 7.7% down within seven days. The ether prize fell by more than 30% last month.
In addition, Solana recorded a remarkable drainage of 2.2 million US dollars. However, XRP resisted the trend with 1.8 million US dollars.
Source: Coinlist.me
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