Analysts agree that understanding investor sentiment can provide valuable insights in the volatile cryptocurrency market. Ki Young Ju, the CEO and co-founder of CryptoQuant, recently suggested large investors are still engaging with the market with a “risk-on mode.” Analysis of the “interexchange flow pulse," which measures the net one-year flows of BTC between Nasdaq-listed cryptocurrency exchange Coinbase and derivative exchanges, reveals that Bitcoin has been in a bullish phase when the indicator surpasses its 90-day moving average. The chart further indicates that investors are moving more BTC from spot to derivative exchanges, demonstrating their increased risk appetite. Notably, several major financial powerhouses collectively managing over $27 trillion in assets are making major investments into the world of Bitcoin and cryptocurrencies. Industry heavyweights such as BlackRock, Fidelity, JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, Invesco, and Bank of America are “actively working to provide access” to crypto assets. It is worth pointing out, however, that an estimated minuscule fraction of the $27 trillion sum is expected to be allocated into actual cryptocurrency investments. All of these developments clearly indicate that both institutional and retail investors are demonstrating clear preference for Bitcoin on the back of increased stability and regulatory acceptance.



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