COINOTAG reported on April 6th that recent data from Coinglass reveals significant trends in the cryptocurrency spot market over the past week. Notably, the FDUSD has experienced the highest net inflow of funds, totaling $170 million. This trend highlights increasing confidence in stablecoins amidst market volatility. Other assets showing positive net inflows include NEO at $27.14 million and OM at $14.18 million, indicating a shift towards altcoins as investors diversify their portfolios.
Conversely, the market has seen substantial net outflows, with Bitcoin leading the pack at $165 million. This suggests a potential reallocation strategy among institutional investors. Following closely, Ethereum and SOL registered net outflows of $136 million and $119 million, respectively, reflecting apprehension regarding scalability and network congestion issues. These movements underline the dynamic nature of the cryptocurrency landscape and the need for investors to remain vigilant.