#ETHReboundSoon? The Great Crash Brought 1 Billion Dollar Sales in Bitcoin! However, Huge Purchases Came in Ethereum, Solana, XRP, and Altcoins!

CoinShares published its weekly cryptocurrency report and stated that there was an outflow of 513 million dollars last week.
Bitcoin (BTC) and altcoins started the new week positively. Bitcoin rose above 110 thousand dollars and Ethereum surpassed 4,000 dollars.

As the FED interest rate decision approaches and macroeconomic conditions improve, the market continues to recover, while CoinShares published its weekly cryptocurrency report, showing a net outflow of 513 million dollars last week.
Outflows came from Bitcoin products that recorded outflows of 946 million dollars, while the two-week inflow trend also reversed.

"Cryptocurrency investment products saw an outflow of $513 million last week following the liquidity increase on October 10, but ETP investors largely overlooked this."

Negative sentiment prevails in Bitcoin, while positive atmosphere dominates in Ethereum and altcoins!
When looking at crypto funds individually, it was observed that the majority of the outflows were in Bitcoin.

While Bitcoin experienced an outflow worth 946 million Dollar, Ethereum saw an inflow of 205 million Dollar at (ETH).

When we look at other altcoins, Solana (SOL) had an influx of 156.1 million dollars, XRP 73.9 million dollars, Sui (SUI) 5.9 million dollars, and Cardano (ADA) 3.7 million dollars.

"Bitcoin was the main focus as it was the only major asset to see a total outflow of 946 million dollars last week.

Investors saw the price weakness in Ethereum as a buying opportunity and recorded an inflow of 205 million dollars. The largest weekly inflow was into a 2x leveraged ETP, totaling 457 million dollars, which reflected a sense of confidence among investors.
Solana and XRP have seen inflows of 156 million dollars and 73.9 million dollars respectively due to excitement around the anticipated ETF launches.

When looking at regional fund inflows and outflows, the US ranked first with an outflow of 621 million dollars.

After the USA, Sweden experienced an outflow of 54.2 million Dollars, while Hong Kong saw an outflow of 9.8 million Dollars.

In response to these outflows, Germany experienced an inflow of 59.3 million dollars, while Switzerland saw an inflow of 48 million dollars.
THIS IS NOT INVESTMENT ADVICE $BTC $ETH $XRP