BTC Surges Above $88K as ETH Struggles While XRP Gains Ground
22.04.2025 11:54
Bitcoin has climbed above $88K, driven by recent recovery momentum, even as the overall inflows remain modest at $6M, reflecting mixed investor sentiment. The weekly report by Coinshares highlights that while Bitcoin experienced slight inflows, U.S. retail outflows reached $146M midweek. In contrast, Ethereum saw a notable weekly outflow of $26.7M, contributing to $772M in outflows over the last eight weeks, although it still ranks high in year-to-date net inflows at $215M. Among altcoins, XRP stood out with robust inflows of $37.7M—cementing its position as the third most successful cryptocurrency this year with total YTD inflows of $214M—whereas SUI recorded a minor outflow of $1.1M and both Solana and Cardano had negligible inflows of $0.3M. Regional trends further reveal a stark contrast, with the USA reporting an outflow of $71M in comparison to inflows in Switzerland, Germany, and Canada. Overall, the report paints a picture of mixed sentiment across the crypto market, with flagship coins exhibiting divergent cash flow trends.
Bitcoin’s recent climb past $88K combined with small net inflows suggests a short-term bullish sentiment, though mixed retail outflows introduce uncertainty. The recovery momentum and strong historical performance may provide support, but the modest inflow scale tempers long-term expectations.
Ethereum faces significant short-term pressure with a $26.7M outflow last week and a cumulative $772M outflow over eight weeks. Despite this, its strong position in YTD inflows indicates potential resilience over the long term. Immediate negative pressure may persist until investor sentiment shifts.
SUI’s minor outflow of $1.1M suggests a slightly negative short-term sentiment, but the impact is limited due to the small scale of the movement. Overall, the news is unlikely to have a major long-term effect on its price.
XRP's robust inflow of $37.7M positions it as a strong performer amid the mixed market narrative. These inflows could boost investor confidence in the short term, potentially leading to upward price pressure, reinforced by its impressive YTD performance.
Solana’s modest inflow of $0.3M indicates only a minimal positive sentiment. The limited scale of investor activity suggests that any price impact will likely be marginal in both the short and long term.
Cardano’s similar small inflow of $0.3M points to negligible influence from this report. Such minor inflows are unlikely to trigger significant short-term moves or long-term price changes.
Sources
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