The Bitcoin spot ETF approval brought volatility to the cryptocurrency market, mostly favoring altcoins for the weekend. Meanwhile, smart money in and outflows hint at which cryptocurrencies profitable traders are accumulating and getting rid of.
In onchain analysis, smart traders are active crypto addresses with a profitable history considering tokens’ inflow and outflow. If the address acquired tokens at a lower average price than what they later spent, it is smart money.
Notably, the smart money inflow was massively dominated by Ethereum (ETH) in the past 24 hours, according to SpotOnChain data. $78.87 million in ETH entered smart traders’ accounts, while the second place had only a $3.25 million inflow.
Smart trader monitor – Top smart money inflow. Source: SpotOnChain
In the meantime, the top 2 smart money outflows were Injective (INJ) and Wrapped BTC (WBTC). Smart traders dumped $12.05 million and $6.66 million worth of INJ and WBTC, respectively.
Smart trader monitor – T
We współpracy z: https://finbold.com/smart-money-speaks-80-million-floods-into-ethereum-while-bitcoin-weakens/
