Cryptocurrency inflows for the week ending December 10 saw inflows slowing down as the market pulls back to ‘extreme fear’ sentiment in the ‘Fear & Greed Index’ chart. Inflows dropped to roughly $88 million last week, a 52% decline from last week’s $184 million, CoinShares weekly report noted Monday.
On the other hand, Bitcoin’s weekly inflows indicated polar opposite views amongst investors as the dominant currency still recorded $52 million in inflows despite falling 27% from last month. Bitcoin recorded $152 million in weekly inflows the previous week after investors indicated the downturn as a buying opportunity. The report noted:
“Suggesting extremely polarised opinion amongst investors, with some panic selling during this most recent price decline, while others seeing it as a buying opportunity. This divergence in views is broadly regional too, with providers in North America seeing flows, while those in Europe seeing outflows.”
Altcoins had a quite mixed week after Ethereum recorded outflows for the first time in six weeks, surpassing $17 million. Meanwhile, Solana and Tron recorded inflows totaling $19 million and $17 million, respectively. Solana fell 35% in December after hitting a record high in November. At press time it was trading at $155.37, down by 7% in the last 24 hours.
With major inflows, Tron has surpassed Cardano with more than $92 million in assets under management, a significantly higher figure from Cardano’s $68 million AuM.
