- This week, the crypto market saw almost $9 billion in fund inflows as Bitcoin passed the $93,000 mark.
- Most of the major alts like Ethereum, Solana, and XRP replicated Bitcoin’s uptick with significant weekly gains.
- Open interest continued to climb along with positive funding signals.
According to Ali Martinez, the crypto market has experienced a rise of nearly $9 billion in capital for the past week, marking an increase in investor sentiment. Data from Glassnode revealed that the Bitcoin and Ethereum realized net position also swung up, and the inflows into stablecoins have accelerated. Stablecoin volumes supported the Bitcoin price movement and the general growth of trust in the digital currencies of the market participants.
Bitcoin closed the week at $93,953, registering a 10.2% weekly rise. Several institutions’ acquisitions brought about this momentum. Notably, Japan’s Metaplanet increased its buying of more Bitcoins with 330 BTC, supporting corporate accumulation patterns.
Investor confidence was also further boosted by billionaire Robert Kiyosaki, who forecasted that Bitcoin would hit a value between $100,000 and $200,000 in 2025. While being highly speculative, his forecast matched the continued on-chain fundamentals, including rising BTC futures open interest, which reached over $64 billion, according to Coinglass.
At the same time, U.S. spot Bitcoin ETFs attracted $3 billion in net inflows in one week, which shows that traditional finance is gradually integrating with crypto. Funding rates in the major derivatives trading platforms such as Binance and OKX have been anchored, indicating no extreme risk of leverage trading.
Altcoins Mirror Bitcoin’s Strength
As Bitcoin rose, most altcoins had a beautiful weekend, registering good price movements. Ethereum rose 14% in the last 7 days, trading above the $1,800 mark. The involvement of large ETH investors contributed significantly, with over $100M ETH held by major investors within the week.
Solana followed, rising around 9%, closing the week at $149. Similarly, XRP traded higher along with the broader market, rising by 9.12% to $2.24. Other popular tokens like DOGE, SHIB, and PEPE were also on a greater rise, with a weekly appreciation of between 12% and 21%.
The crypto rally is associated with other macroeconomic factors and politics. Remarks made by President Donald Trump stating that there would be a possibility of postponing tariffs were also factors that helped underpin risk sentiment across the digital assets market.
Market Data Reflects Strengthening Support Across Metrics
Other supporting data also strengthen the story of market revival. On the derivatives front, the open interest was stable at $120.21 billion, although it fell by 3.17%, and options open interest rose by 31.06%, touching $32.88 billion. These changes indicate that the realignments are not a manifestation of the mass abandonment of positions.
Volume in the futures turnover reduced 12.10% to $149.89 billion, partly due to a short-term retracement after a volatile week. However, consistently rising funding rates and a slow increase in longs on Binance and OKX suggested that traders are gearing up for further bull runs.
Additionally, data from Glassnode revealed a remarkable increase in the net position of stablecoins to $4.1 billion. This suggests that capital on the sidelines may be ready to move into risk assets, which adds more positive sentiment to the existing market.
