Cryptocurrency holders invested more than $ 1 billion in bitcoin in just one week

Institutional investors have invested more than $ 1 billion in bitcoin and other crypto assets in one week, according to CoinShares. This was a sharp reversal after five weeks of $ 4 billion in outflows.

The biggest demand was for bitcoin — $ 881 million. Ethereum received $ 117 million, which was its strongest week since mid-January. Among altcoins, Solana was the leader with $ 53.8 million.

The recovery was broad in terms of geography: The United States accounted for $ 957 million in investment, Canada $ 34.1 million, Germany $ 31.7 million, and Switzerland $ 28.4 million.

CoinShares explains the change in sentiment by the weakness of prices and the breakout of key technical levels, as well as new accumulation by large bitcoin holders. At the same time, BTC and ETH-based investment products have remained in net outflows since the beginning of the year. Solana stands out positively, with annual inflows of $ 156 million.

Thus, after a long period of selling, institutional players have returned to the crypto market, using the correction as an opportunity to accumulate assets.