Over the first three trading days of this week, global crypto investment products recorded a powerful capital inflow of $1.65 billion. This is a signal that cannot be ignored: institutional players are actively returning to the digital asset market, and the bulk of the pressure fell on bitcoin — nearly $1 billion of the total amount.
Ether also demonstrated confident interest: investors directed $478 million into Ethereum-based products. Thus, we are seeing a second consecutive week of positive dynamics. For comparison: over the entire previous week, crypto funds attracted $2.94 billion, which became a record weekly figure since the start of the year.
From my point of view, macroeconomic uncertainty remains the key driver of this surge. Contradictory signals from the U.S. Federal Reserve are forcing large investors to seek alternative tools for capital preservation, and bitcoin looks increasingly attractive in this paradigm.
Bitcoin returned above the 200-day moving average
The inflows coincided with an important technical event. On August 26, bitcoin closed the day around $78,500, and a day earlier it briefly rose above $81,000. But the main thing is that the cryptocurrency returned above the 200-day moving average for the first time in 270 trading days. This is a critical indicator for assessing the long-term trend, and a breakout above it is often perceived as confirmation of a shift in market sentiment.
However, I would not rush into euphoria. Inflows into investment products by themselves do not guarantee a continuation of the rally. They rather reflect a recovery in risk appetite after a period of weakness, but additional fundamental confirmations are needed for sustainable growth.
The U.S. sets the pace, altcoins are not lagging behind
Geographically, demand was concentrated in the U.S.: American products attracted about $1.5 billion out of $1.65 billion. Notable inflows were also recorded in Germany and Switzerland. The total assets under management of crypto structures reached approximately $155 billion, and since the start of the year, industry flows have turned positive for the first time — about $3.4 billion.
In addition to bitcoin and Ethereum, investors actively diversified into altcoins: XRP products received $80.5 million, Solana — $62.9 million, and Hyperliquid — $39 million. This indicates that the market is not limited to the two leading assets but is seeking new growth stories.
Let me remind you that bitcoin is also supported by the decline in U.S. Treasury bond yields, which increases the attractiveness of risk assets. Combined with ETF inflows, this creates a favorable backdrop for further movement, but I advise investors to remain cautious and monitor macroeconomic data that could sharply change the picture.