Institutional flows cool and caution grows in the market. Analysts warn that the evolution of capital towards ETH could define the next movement of the crypto ecosystem.
He cryptocurrency market Shows consolidation signals after weeks of strong activity. Bitcoin (BTC) It quotes Monday around US $ 118,000, with a slight fall of 0.17%, according to Binance, while Ethereum (eth) It goes back 0.8% and is below US $ 3,900.
In the last 24 hours, most of the Altcoins They operate with generalized casualties, up to 8%headed by Avalanche, followed by SUI (7.2%), Dogecoin (5.5%) and Solana (5%).
A pause market: Profit and institutional uncertainty
Analysts agree that the crypto market is going through a consolidation phase, with BTC struggling to stay close to its recent historical maximums. According to data from Farside Investorsthe Cash Bitcoin ETF He lost impulse since July 18, interspersing days of positive and negative flows without a clear direction. Besides, The volume of operations was reducedreflecting less short -term speculative interest.
He Relative Force Index (RSI)which measures over -sales or overall conditions, has fallen strongly in recent days, which suggests a progressive exit from institutional capital. This weakening of feeling could anticipate a deeper correction if flows are not reactivated Towards the main cryptoactives.
For its part, QCP Capital He pointed out that, in the derivative market, financing rates for perpetual futures BTC remains above 15%, indicating a persistence of aggressive long positions. However, the latest movements of great players show a more defensive attitudewith profits and coverage strategies.
Despite moderation in the behavior of the ETH, analysts consider that their evolution will be key to determining the course of digital assets in the coming weeks. Although ETH ETF continues 65.2 million dollarsa 85% less than the previous Friday (452.8 million).
Ray Dalio recommends assigning 15% to Bitcoin
In a note that surprised the markets, the founder of Bridgewater Associates, Ray Daliorecommended this week to assign Up to 15% of portfolios to Bitcoin, compared to 1% -2% that suggested in 2022. Dalio’s argument relies on the growing risk derived from the accelerated indebtedness of the US and the Loss of long -term value of the dollar.
Source: Ambito
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