Record Inflows And Bitcoin Surge Mark Strong Week For Digital Asset Investments

Last week witnessed a remarkable surge in digital asset investment products, with inflows reaching the second-highest weekly total on record at $1.84 billion. 

The trading volumes in these investment products soared to unprecedented levels, surpassing $30 billion, while total assets under management approached an all-time high of $82.6 billion.

Bitcoin, the flagship cryptocurrency, surged past the $65,000 mark today, coming within $4,000 of its all-time high of $69,044 set on November 10, 2021.

The options block market saw significant activity over the weekend, with buy calls dominating nearly all orders, totaling over $5 million. 

Monday witnessed another record high for bitcoin prices, with a notable increase in short-term bull spreads trading, pushing the ultra-short-term implied volatility close to 80%.

The market sentiment is robust, reflecting a strong inclination towards further investment and entering the FOMO (Fear of Missing Out) stage.

900 Bitcoin Mined Daily As Reported 

Data from Intotheblock reveals that approximately 900 bitcoins are mined globally each day, serving as rewards for miners who contribute to validating and securing the network. However, the upcoming halving scheduled for April will halve this daily issuance to 450 bitcoins.

Moreover, there has been a notable increase in the total amount of bitcoin held in addresses with over 1,000 bitcoins since January.

This growth trend demonstrates a strong correlation with the movement in bitcoin prices. Remarkably, over 97% of bitcoin addresses are currently “in the money,” indicating that holders are sitting on unrealized gains from their bitcoin holdings.

The recent surge in digital asset investments, coupled with bitcoin’s impressive price performance, underscores the growing confidence and interest in the cryptocurrency market. As investors continue to navigate the evolving landscape, the market dynamics and price movements of bitcoin will remain closely monitored in the coming weeks.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.