The crypto market has been impacted by the geopolitical tensions going on between Ukraine and Russia. If not directly, at least indirectly.
Bitcoin, along with most other coins has had a pretty rough week. Almost all the top 10 crypto assets had lost 10%-15% of their value over the past week.
Amidst the unfavorable environment, digital asset investment products saw inflows worth $109 million last week.
Post the back-to-back outflows noted in December and January, the latest data marks the fifth consecutive week of inflows.
While inflows were seen in both Europe and the Americas, it was predominantly the latter with inflows totalling US$101m.
Leaving aside the positive institutional flows, there’s a slight twist to the fairy-tale. And that has to do with the network activity and user interest.
The lower-bound of this channel has historically increased in near-linear fashion, suggesting that the pool dependable Bitcoin users (the HODLers) is still growing over the long-term.