TKL has never been so strong, saying the last crypto money request report, but the BTC is running in the opposite. Inflation target cannot be met, and unemployment increases, while most of the FED members avoid major interest rate cuts. Let’s take a look at what analysts say after today’s decline.
Crypto money demand is very strong
Yesterday BTC ETF The entrance alone was over $ 1.2 billion. Such an introduction would have caused greater fluctuations if only the stock exchanges were popular in 2021 period. Moreover, this is not only limited to one day. TKL, which deals with the latest Coinshares report, drew attention to the last week’s net introduction of almost 6 billion dollars.
If the BTC rise continues, this will mean the break of the entrance record of 2 weeks in succession, but the decline is accelerating for now.
“Crypto funds recorded a record of 5.95 billion dollars last week. This figure is over 1 billion dollars of the previous record. Investors with the highest number of money with $ 3.55 billion Bitcoin
$124,154.60 Ethereum with 1.48 billion dollars while investing in their funds
$4,676.74 He watched the funds.
Since the beginning of the year, Ethereum has seen a record of $ 13.7 billion, almost three times the total of last year. Solana And XRP Last week, respectively 706.5 million dollars and 219.4 million dollars recorded in record entries.
Investors’ demand for crypto has never been so strong. ”
Aside from short -term fluctuations, these data, which shows the orientation of corporate and professional investors, promises us stable rise. Moreover, while many financial giants will start to provide crypto money services next year and ETF approvals are approaching, investors have many reasons to remain hopeful.
October 7 Crypto Money Decrease
The job of short -term investors is to sell their assets when they get satisfactory gains. Therefore, they are called short -term investors and today we have seen a decrease in accelerating with the profit sales of short -term investors. In other words, the more normal the rise, the more normal it is. Look back and take the graph in the daily period. Even though the rise to date is gigantic, it has not been constantly vertical, as a result of decreases, breaks and the ongoing rise. BTC Six -digit levels.
Yesterday, most analysts pointed out the decline deviation in RSI. Scott Melker said it shouldn’t be surprised by the fall.
Daancrypto Analyst said;
“October seems to be an interesting month. The market has risen immediately from the new monthly candle. It’s not something we’ve never seen before, but it is good to follow how to develop after that.
In the last 2 months, we have seen many deviations in the first week. I think bulls should make a higher bottom and should not lose ~ $ 118,000. Everything on this point is suitable. “
