{"id":503867,"date":"2022-09-27T17:00:03","date_gmt":"2022-09-27T17:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=503867"},"modified":"2024-06-11T14:26:43","modified_gmt":"2024-06-11T14:26:43","slug":"investors-cash-out-5m-from-7-week-bull-run-on-short-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/investors-cash-out-5m-from-7-week-bull-run-on-short-bitcoin\/","title":{"rendered":"Investors Cash Out $5M From 7-Week Bull Run On Short Bitcoin"},"content":{"rendered":"

Short bitcoin has been at the forefront of investors\u2019 attention over the last few months. Since it launched, it has garnered an impressive asset allocation and has not eased up. This is not surprising as the market had begun another bear run. However, last week, investors began to move the other way when it comes to short bitcoin. Inflows have now turned to outflows.\u00a0<\/span><\/p>\n

Bitcoin Investors Begin Profit-Taking<\/h2>\n

The CoinShares Digital Asset Fund Flows weekly report<\/a> shows that investors have turned towards outflows for short bitcoin. For the past 7 weeks, short bitcoin had been enjoying consecutive inflows as the price of the digital asset had nosedived. Now, it seems that these investors have begun to enjoy the spoils as they begin taking money out.<\/p>\n

Related Reading: Staked ETH Nears 14 Million As Ethereum Readies For Breakout<\/a><\/strong><\/em><\/div>\n

For the first time in more than two months, short bitcoin outflows came out to a total of $5.1 million. Interestingly, the total asset under management (AuM) for the short BTC remains high at $172 million, a new record high for the digital asset. So even though investors have been pulling out money, it only shows that there is profit-taking going on and not necessarily a shift in sentiment toward the investment vehicle.<\/p>\n

\"Bitcoin<\/p>\n

BTC recovers above $20,000 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
On the flip side, long bitcoin only saw minor inflows. This is also in line with the increased interest in short BTC. With inflows totaling $0.1 million for the 7-day period, it goes to show that institutional investors are still very bearish when it comes to the digital assets. Bitcoin\u2019s total AuM has now dropped to a new 3-month low of $15.9 billion.<\/p>\n
Inflows In Other Areas<\/h2>\n
When it comes to outflows, most of it seemed to be localized to the short bitcoin alone. Other digital assets, such as Ethereum, saw inflows for the week. The digital asset, which is the second-largest cryptocurrency by market cap, had been seeing a lot of interest due to the completed Merge, which brought in inflows of $7.7 million for the week. However, all sentiment was not bullish, given that the recently launched Short Ethereum investment product had recorded $1.1 million in inflows.<\/p>\n
Related Reading: Why Investing In Terra Classic (LUNC) May Be A Bad Idea<\/a><\/strong><\/em><\/div>\n
Some altcoins also saw minor inflows during this period. Assets such as Cosmos and XRP got some attention from institutional investors, with inflows reaching $0.4 million and $0.5 million, respectively, during the one-week period. Additionally, multi-asset investment products saw inflows reaching $1.8 million for the same time period.\u00a0<\/span><\/p>\n
The majority of the inflows had come from Europe, totaling $15 million for this time period. While across the pond, North America showed more bearish sentiment. The outflows were localized to this region, reaching $9.4 million.<\/p>\n
Featured image from ZenLedger, charts from TradingView.com<\/pre>\n
Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
Short bitcoin has been at the forefront of investors\u2019 attention over the last few months. Since it launched, it has garnered an impressive asset allocation and has not eased up. This is not surprising as the market had begun another bear run. However, last week, investors began to move the other way when it comes to short bitcoin. Inflows have now turned to outflows.\u00a0 Bitcoin Investors Begin Profit-Taking The CoinShares Digital Asset Fund Flows weekly report shows that investors have turned towards outflows for short bitcoin. For the past 7 weeks, short bitcoin had been enjoying consecutive inflows as the price of the digital asset had nosedived. Now, it seems that these investors have begun to enjoy the spoils as they begin taking money out. Related Reading: Staked ETH Nears 14 Million As Ethereum Readies For Breakout For the first time in more than two months, short bitcoin outflows came out to a total of $5.1 million. Interestingly, the total asset under management (AuM) for the short BTC remains high at $172 million, a new record high for the digital asset. So even though investors have been pulling out money, it only shows that there is profit-taking going on and not necessarily a shift in sentiment toward the investment vehicle. BTC recovers above $20,000 | Source: BTCUSD on TradingView.com On the flip side, long bitcoin only saw minor inflows. This is also in line with the increased interest in short BTC. With inflows totaling $0.1 million for the 7-day period, it goes to show that institutional investors are still very bearish when it comes to the digital assets. Bitcoin\u2019s total AuM has now dropped to a new 3-month low of $15.9 billion. Inflows In Other Areas When it comes to outflows, most of it seemed to be localized to the short bitcoin alone. Other digital assets, such as Ethereum, saw inflows for the week. The digital asset, which is the second-largest cryptocurrency by market cap, had been seeing a lot of interest due to the completed Merge, which brought in inflows of $7.7 million for the week. However, all sentiment was not bullish, given that the recently launched Short Ethereum investment product had recorded $1.1 million in inflows. Related Reading: Why Investing In Terra Classic (LUNC) May Be A Bad Idea Some altcoins also saw minor inflows during this period. Assets such as Cosmos and XRP got some attention from institutional investors, with inflows reaching $0.4 million and $0.5 million, respectively, during the one-week period. Additionally, multi-asset investment products saw inflows reaching $1.8 million for the same time period.\u00a0 The majority of the inflows had come from Europe, totaling $15 million for this time period. While across the pond, North America showed more bearish sentiment. The outflows were localized to this region, reaching $9.4 million. Featured image from ZenLedger, charts from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":503874,"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":[428,84431,85028,679,1119,1144,78790,86316],"class_list":["post-503867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-inflows","tag-bitcoin-outflows","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-short-bitcoin"],"acf":[],"yoast_head":"\nInvestors Cash Out $5M From 7-Week Bull Run On Short Bitcoin<\/title>\n<meta name=\"description\" content=\"Short bitcoin has been at the forefront of investors\u2019 attention over the last few months. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Investors Cash Out $5M From 7-Week Bull Run On Short Bitcoin","url":"http:\/\/wncen.com\/news\/investors-cash-out-5m-from-7-week-bull-run-on-short-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/investors-cash-out-5m-from-7-week-bull-run-on-short-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/bitcoin-6.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/bitcoin-6.jpeg?fit=1200%2C630"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin inflows","bitcoin outflows","bitcoin price","btc","btcusd","btcusdt","short bitcoin"],"dateCreated":"2022-09-27T17:00:03Z","datePublished":"2022-09-27T17:00:03Z","dateModified":"2024-06-11T14:26:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Investors Cash Out $5M From 7-Week Bull Run On Short Bitcoin\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/investors-cash-out-5m-from-7-week-bull-run-on-short-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/investors-cash-out-5m-from-7-week-bull-run-on-short-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/bitcoin-6.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/bitcoin-6.jpeg?fit=1200%2C630\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin inflows\",\"bitcoin outflows\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\",\"short bitcoin\"],\"dateCreated\":\"2022-09-27T17:00:03Z\",\"datePublished\":\"2022-09-27T17:00:03Z\",\"dateModified\":\"2024-06-11T14:26:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/bitcoin-6.jpeg?fit=1200%2C630","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/503867"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=503867"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/503867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/503874"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=503867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=503867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=503867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}