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US spot bitcoin ETFs saw a strong recovery on Monday with net inflows of $167 million. Meanwhile, Ether, XRP and Solana pools saw outflows for the third day in a row. The chasm widens and reveals much about the mindset of institutional investors.
In short
- U.S. spot bitcoin ETFs posted net inflows of $167 million on Monday after two sessions of outflows.
- Ether, XRP and Solana ETFs have seen three consecutive days of outflows totaling $225, $41 and $16 million since Thursday.
- Trump’s announcement of a possible end to the conflict with Iran relieved markets and supported Bitcoin’s rebound.
Bitcoin recovers, institutions return to basics
US spot bitcoin ETFs posted net inflows of $167 million on Monday, March 10, ending two consecutive sessions in the red.
According to CoinGecko data, bitcoin was trading around $70,800, supported by renewed institutional investor appetite for the cryptocurrency queen.
This turnaround comes in a slightly relaxed geopolitical context. Donald Trump told reporters on Monday that an Iran deal was on the way, easing pressure on oil prices and giving risk assets a new lease of life. Markets took a breather and Bitcoin gained.
This reflection is part of a wider dynamic. For the first time in five months, US spot bitcoin ETFs saw two consecutive weeks of positive inflows, with $568 million last week after $787 million the previous week. A strong signal, especially after these products went through five weeks of outflows totaling $3.8 billion.
And the strategy was not wrong. Michael Saylor took advantage of the opportunity to acquire an additional 17,994 bitcoins for $1.28 billion between March 2nd and March 8th. His portfolio now stands at 738,731 BTC, or 3.7% of the total supply. A conviction as solid as concrete, despite an unrealized loss of $5.5 billion on all his positions.
Altcoins under pressure, investor confidence not following
Despite a 3 to 5% bounce in the underlying tokens over the course of 24 hours, Ether, XRP and Solana ETFs saw outflows on Monday. The SoSoValue data is clear:
- Ether: $51M outflow, $225M as of Thursday
- XRP: $18 million outflow, $41 million since Thursday
- Solana: $2.5 million outflow, $16 million as of Thursday
The paradox is striking. Prices rise, but money leaves. This reflects a lingering institutional distrust of altcoins, which is trying to convince more than just speculative traders.
Bitcoin, meanwhile, is benefiting from enhanced legitimacy through ETFs, a strategic national reserve planned in the US, and continued accumulation by players like Strategy.
However, CryptoQuant analysts urge caution. Earnings taken ratio of long to short holders reached 0.89, indicating that small holders are selling at a loss. Total surrender is not here yet. A deeper bottom remains possible.
The crypto market is sending a signal of increasing selectivity: Bitcoin is consolidating its status as a reference asset, while altcoins are trying to maintain institutional capital. The real question is not whether Bitcoin will rebound, but how far altcoins will have to fall before confidence returns.
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I am passionate about Bitcoin, I love exploring the intricacies of blockchain and cryptocurrency and sharing my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is the tool that can make this possible.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Before making any investment decision, do your own research.
