{"id":568357,"date":"2024-01-06T12:00:01","date_gmt":"2024-01-06T12:00:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=568357"},"modified":"2024-06-11T14:44:06","modified_gmt":"2024-06-11T14:44:06","slug":"bitcoin-flash-crash-crypto-market-witnesses-2-5-billion-inflow-following-recent-downturn","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-flash-crash-crypto-market-witnesses-2-5-billion-inflow-following-recent-downturn\/","title":{"rendered":"Bitcoin Flash Crash: Crypto Market Witnesses $2.5 Billion Inflow Following Recent Downturn"},"content":{"rendered":"

The past week was largely defined by the Bitcoin price climbing above $45,800 for the first time in over 20 months, marking a great start to the year. However, the premier cryptocurrency soon experienced a sharp price pullback due to negative news about the BTC spot<\/a> (ETF).\u00a0<\/span><\/p>\n

Interestingly, the latest on-chain data has revealed that investors seem not to have completely lost faith in Bitcoin, the largest cryptocurrency by market capitalization.<\/span><\/p>\n

$2.5 Billion Flows Into Crypto Market Following Bitcoin Crash<\/strong><\/h2>\n

In a post on the X platform, crypto analyst Ali Martinez<\/a> has offered on-chain insight into the aftermath of the crash that affected Bitcoin and the entire crypto market. The pundit noted in his post that a substantial amount of funds flooded back into the sector a day after the market downturn.<\/span><\/p>\n

Related Reading: Whale Watch: Bitcoin\u2019s $100,000 Transactions Soar, More Surge Ahead?<\/a><\/div>\n

This revelation was based on on-chain data from blockchain analytics platform Glassnode. The relevant indicator here is the \u201cpositive 30-day capital inflows\u201d, which tracks the net influx of capital into the crypto market over a 30-day period.<\/span><\/p>\n

\"Bitcoin\"<\/p>\n

Chart showing aggregate market realized value net position change | Source: Ali_charts\/X<\/a><\/pre>\n
The chart above shows that a significant amount of funds have been entering the cryptocurrency market over the past few months. According to Glassnode\u2019s data, more than $2.5 billion flowed back into the cryptocurrency market on Thursday, January 4, bringing the positive 30-day capital inflows to about $27.5 billion.<\/span><\/p>\n
This latest inflow of capital into the market offers insight into the positive shift in sentiment and market condition. It basically signals renewed investor confidence in crypto assets<\/a> following a short period of uncertainty and price correction.\u00a0<\/span><\/p>\n
As of this writing, the Bitcoin price<\/a> stands at $43,661, reflecting a 0.2% decline in the past 24 hours. However, the market leader seems to be recovering well, with $44,000 not too far out of reach.<\/span><\/p>\n
How BTC Holders Reacted To The Market Downturn<\/strong><\/h2>\n
A recent analysis<\/a> shows how various classes of Bitcoin investors reacted to the negative ETF news and the subsequent decline. This evaluation was based on the Spent Output Age Bands USD (SOAB) indicator on the CryptoQuant analytics platform.<\/span><\/p>\n
Related Reading: Solana Co-Founder: The Blockchain Doesn\u2019t Need Layer-2s Like Ethereum<\/a><\/div>\n
The investors were divided into five classes based on the age of their holdings. According to the analysis, short-term holders who fell within the 1-week-to-1-month and 1-month-to-3-month classes exited the market at break-even and profits, respectively.\u00a0\u00a0<\/span><\/p>\n
Meanwhile, long-term holders who purchased Bitcoin in the first half of 2023<\/a>, falling between the 6-month-to-12-month class, dumped about $7.6 billion worth of BTC. The 1-year-to-5-year holder class, on the other hand, barely made a move after the market downturn.<\/span><\/p>\n
\"Bitcoin\"<\/p>\n
Bitcoin price at $43,690 on the daily timeframe | Source: BTCUSDT chart on TradingView<\/a><\/pre>\n
Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"
The past week was largely defined by the Bitcoin price climbing above $45,800 for the first time in over 20 months, marking a great start to the year. However, the premier cryptocurrency soon experienced a sharp price pullback due to negative news about the BTC spot (ETF).\u00a0 Interestingly, the latest on-chain data has revealed that investors seem not to have completely lost faith in Bitcoin, the largest cryptocurrency by market capitalization. $2.5 Billion Flows Into Crypto Market Following Bitcoin Crash In a post on the X platform, crypto analyst Ali Martinez has offered on-chain insight into the aftermath of the crash that affected Bitcoin and the entire crypto market. The pundit noted in his post that a substantial amount of funds flooded back into the sector a day after the market downturn. Related Reading: Whale Watch: Bitcoin\u2019s $100,000 Transactions Soar, More Surge Ahead? This revelation was based on on-chain data from blockchain analytics platform Glassnode. The relevant indicator here is the \u201cpositive 30-day capital inflows\u201d, which tracks the net influx of capital into the crypto market over a 30-day period. Chart showing aggregate market realized value net position change | Source: Ali_charts\/X The chart above shows that a significant amount of funds have been entering the cryptocurrency market over the past few months. According to Glassnode\u2019s data, more than $2.5 billion flowed back into the cryptocurrency market on Thursday, January 4, bringing the positive 30-day capital inflows to about $27.5 billion. This latest inflow of capital into the market offers insight into the positive shift in sentiment and market condition. It basically signals renewed investor confidence in crypto assets following a short period of uncertainty and price correction.\u00a0 As of this writing, the Bitcoin price stands at $43,661, reflecting a 0.2% decline in the past 24 hours. However, the market leader seems to be recovering well, with $44,000 not too far out of reach. How BTC Holders Reacted To The Market Downturn A recent analysis shows how various classes of Bitcoin investors reacted to the negative ETF news and the subsequent decline. This evaluation was based on the Spent Output Age Bands USD (SOAB) indicator on the CryptoQuant analytics platform. Related Reading: Solana Co-Founder: The Blockchain Doesn\u2019t Need Layer-2s Like Ethereum The investors were divided into five classes based on the age of their holdings. According to the analysis, short-term holders who fell within the 1-week-to-1-month and 1-month-to-3-month classes exited the market at break-even and profits, respectively.\u00a0\u00a0 Meanwhile, long-term holders who purchased Bitcoin in the first half of 2023, falling between the 6-month-to-12-month class, dumped about $7.6 billion worth of BTC. The 1-year-to-5-year holder class, on the other hand, barely made a move after the market downturn. Bitcoin price at $43,690 on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":567409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,86326,1119,1122,78790],"class_list":["post-568357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-bitcoin-spot-etf","tag-btc","tag-btc-price","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Flash Crash: Crypto Market Witnesses $2.5 Billion Inflow Following Recent Downturn<\/title>\n<meta name=\"description\" content=\"The past week was largely defined by the Bitcoin price climbing above $45,800 for the first time in over 20 months.\" \/>\n<meta name=\"robots\" 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Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. 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