{"id":12821,"date":"2022-04-05T02:25:53","date_gmt":"2022-04-05T02:25:53","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12821"},"modified":"2022-04-05T02:25:53","modified_gmt":"2022-04-05T02:25:53","slug":"crypto-investors-are-rotating-capital-into-riskier-altcoins-according-to-glassnode-co-founder","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12821","title":{"rendered":"Crypto Investors Are Rotating Capital Into Riskier Altcoins, According to Glassnode Co-Founder"},"content":{"rendered":"


\n<\/p>\n

\n

The co-founder of leading crypto analytics firm Glassnode says crypto investors are starting to take more risk by moving capital into altcoins.<\/p>\n

Yann Allemann tells his 52,000 Twitter followers that while Bitcoin (BTC) received the bulk of capital inflows last week, he highlights that some altcoins are also getting attention.<\/p>\n

\u201c$193 million inflows into crypto last week<\/em><\/p>\n

$98 million Bitcoin inflows<\/em>
$87 million SOL inflows<\/em>
$10 million ETH inflows<\/em><\/p>\n

Investors are divesting into riskier altcoins. See for yourself.\u201d<\/em><\/p>\n

\"Image\"
Source: Yann Allemann\/Glassnode<\/a><\/figcaption><\/figure>\n

Allemann appears to be highlighting the metric that looks at Bitcoin\u2019s returns minus altcoins\u2019 returns. The metric is currently in a sharp downturn, indicating that altcoins are gaining ground.<\/p>\n

In the most recent edition of Glassnode\u2019s Uncharted Bites, Allemann notes<\/a> that institutions are still pouring capital into Bitcoin<\/a> despite the \u201cfragile\u201d macroeconomic backdrop.<\/p>\n

Bitcoin, on the other hand, saw significant institutional inflows from Grayscale Bitcoin Trust and Purpose Bitcoin ETF (Figure 4, red areas). The latter signaled a stronger demand for Bitcoin as an alternative risk-on investment.<\/em><\/p>\n

\"\"
Source: Glassnode<\/figcaption><\/figure>\n

According to the Glassnode executive, the institutional demand for BTC could signal the start of capital rotation into altcoins.<\/p>\n

\u201cWe see the potential of a sizable crypto-wide move forthcoming since bullish sentiment spread to other assets in the space beyond Bitcoin.\u201d<\/em><\/p>\n

Check Price Action<\/a><\/span><\/em>
\n
\n<!–Don’t Miss a Beat – Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
\n
<\/br>–>
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n&nbsp
\nCheck Latest News Headlines<\/span><\/a><\/p>\n

\u00a0
\n<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Tithi Luadthong\/Natalia Siiatovskaia<\/em><\/span><\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The co-founder of leading crypto analytics firm Glassnode says crypto investors are starting to take more risk by moving capital into altcoins. Yann Allemann tells his 52,000 Twitter followers that while Bitcoin (BTC) received the bulk of capital inflows last week, he highlights that some altcoins are also getting attention. \u201c$193 million inflows into crypto […]<\/p>\n","protected":false},"author":1,"featured_media":4534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,656,372,62,6945,102,6944,4818],"class_list":["post-12821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-capital","tag-cofounder","tag-crypto","tag-glassnode","tag-investors","tag-riskier","tag-rotating"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/brand-new-altcoin-built.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12821"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12821\/revisions"}],"predecessor-version":[{"id":12822,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12821\/revisions\/12822"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/4534"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}