Bitcoin and Ethereum Wavering... XRP Rises Alone on Institutional Funds

▲ Bitcoin (BTC), Ethereum (ETH), XRP (XRP)/ChatGPT Generated Image

As the cryptocurrency market shows mixed trends without clear direction, only XRP is showing a distinct upward trend, signaling the full-scale movement of investment funds.

According to foreign media on the 16th (local time), Bitcoin (BTC) continues to trade sideways below $75,000, failing to secure clear upward momentum. Although institutional fund inflows are ongoing, there is no strong momentum to drive a price rebound in the short term.

Ethereum (ETH) shows a similar trend. The price is moving below $2,360, maintaining the $2,300 support level, but upward momentum is limited. While ETF fund inflows continue to defend the downside, there isn't enough strength to transition into a clear upward trend.

In contrast, XRP is showing a relatively strong trend. It is continuing its upward movement above $1.40, which is interpreted as a sign that overall market risk appetite is recovering.

The market points to ETF fund inflows as the background for this differentiated trend. With funds recently flowing into not only Bitcoin and Ethereum but also XRP-related investment products, an analysis suggests that selective gains centered on specific assets are emerging.

In particular, continuous institutional fund inflows are supporting the market's downside. However, the fact that fund inflows are not immediately leading to price increases also suggests that investor sentiment remains cautious.

Ultimately, the current market appears to have entered a transitional phase where 'liquidity is increasing but direction is lacking.' While Bitcoin and Ethereum remain range-bound, XRP's relative strength is emerging as a key variable, leading changes in fund flows.

If the flow of institutional funds, primarily through ETFs, continues, there is a high probability that the cryptocurrency market will develop into a differentiated market for individual assets in the future.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*