Reports from CoinShares Analysts show that In the past week, from Dec. 18 to 24, the crypto market witnessed a noteworthy inflow of $103 million into various investment products. Geographically, investor diversification shows different leaders. Germany secured the top position with an inflow of $41.6 million, followed by Canada at $25.8 million and the USA at $20.4 million.
Breaking down the investment types, Bitcoin (BTC) continued to attract a significant share, with an inflow of $87.6 million. Analysts noted marginal interest in short BTC positions, with a total inflow of $0.4 million. Among altcoins, Ethereum (ETH) emerged as the leader, drawing $7.9million inflows.
Additionally, analysts reported an outflow of $16 million from cryptocurrency investment products. CoinShares suggests that this dip is likely attributed to profit-taking rather than a shift in sentiment.
Despite this slight retreat, the overall trading activity on the crypto market remained robust, surpassing the 52-week average and concluding the week at $3.6 billion. Notably, products focused on Bitcoin experienced a withdrawal of $33 million, with a marginal outflow of $0.3 million from short positions on BTC.
The recent surge in crypto investments, particularly in Bitcoin and Ethereum, paints a volatile picture of the crypto market. The world of Altcoins is also currently very active, with Optimism (OP), Arbitrum (ARB), and Aptos (APT) gaining significant attention and impressive gains over the last week in the crypto market. These three cryptocurrencies have been showing bullish trends, giving hope and exciting opportunities to traders and investors.
Optimism, a layer-two blockchain built on top of Ethereum, is currently trading at $3.36, representing a 50.44% increase in the past 7 days. This surge is a strong indication of a bullish momentum for this token. With a market capitalization of $3 billion, Optimism is currently ranked 30th on CoinMarketCap and has established itself as a significant player in the market.
However, in the stablecoin charts, Arbitrum (ARB) shows a substantial 24.51% increase in 7 days, with its price action hinting at a potential reversal and targets at $1.37 and $2.00 Aptos (APT) marking a 29.92% rise, at $10.30, indicating a continued bullish trend with sights set on $11.00.
