The encryption market slides where the Tradfi and Defi sectors hold

The coded currency market began the week in red on Monday, May 19, as both traditional and decentralized financing sectors are still facing fluctuations.

Bitcoin (BTC) 1.2 % per day decreased to 104,000 dollars, as it was hovering over the past week. ETHEREUM (ETH) He decreased by 4 % to $ 2,463, and slightly reduced after a strong gathering last week paid by Petra upgrade.

Solana (Sol) Registered sharp losses recorded, as nearly 7 % decreased to $ 164, while XRP 3.8 % decreased to $ 2.35.

The total market value of the cryptocurrency decreased by 3.5 % per day to about $ 3.42 trillion. The summons filters amounted to $ 633 million during the same time period, according to Coinglass. ETH continued to drive The liquidation of $ 258 million, followed by BTC with about $ 161 million.

The money traded on the immediate stock exchange (ETFS) attracted about 260 million dollars in flows on May 16, while Ethereum ETFS brought $ 22 million in flows, according to L. Sosovalue data.

“We are in a period of high uncertainty, as traditional financial markets are very paid,” said Dr. Kirill Creelov, Queenbanel. “In encryption, the situation is more fragile, and liquidity has been very pulled, leaving the market thin and very vulnerable to sharp moves.”

Dr. Kretov explained that this environment is perfect for big players to take advantage of short -term fluctuations, rather than relying on long -term directional bets.

He said: “We will continue to work in this very volatile environment, as anything less than 5 % of the move should be dealt with as a noise.” “Learn how to extract profits from this volatility, because only when the majority of the market participants adapt to this reality, the market structure will begin to change.”

Investment products digital assets

At the same time, investment products in digital assets recorded $ 785 million in flows last week, which reaches a year on a year to $ 7.5 billion and recovered the external flows recorded from February to March, according to the Fund’s weekly flows for Coinshares a report.

Bitcoin led the road of $ 557 million in flows, although this represents a decrease from the previous week. The report indicates that this is likely to be due to the continuous hawks signals of the Federal Reserve.

However, it was Ethereum that has emerged at $ 205 million in flows, driven again by Petra upgrade. On the other hand, Solana was the only main assets that experience external flows, with a total of $ 0.89 million.

The United States, Germany and Hong Kong led the flows, while Sweden, Canada and Brazil have witnessed modest outflows.