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Dropping Short-Bitcoin Outflows Indicate Positive Sentiment

The decreasing outflow volumes across short-Bitcoin products could be an indication of improving fundamentals as opportunistic investors rush to buy the dip. 

On the other hand, digital asset investment products (mostly comprising short products) saw outflows totalling $7.5 million, while long products recorded $3.3 million.  

Despite weeks of ravaging capitulation and negative Bitcoin sentiments triggered by the collapse of FTX, BTC investment products saw inflows totalling $11 million. Therefore indicating improvement in sentiments around the leading coin. 

(by Richard Adrian)

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