Crypto Express

07/09 08:57

Are fresh capital inflows a sign of conviction

Are fresh capital inflows a sign of conviction or a short-term reaction?

At the time of writing, PENGU was seeing net inflows of $1.08 million into spot markets – A strong indicator of renewed interest among investors. 

Such a sharp shift into positive territory came on the back of weeks of generally muted flows, something that hinted at a turning point in sentiment. Typically, such inflows align with accumulation phases and potential bullish continuation patterns. 

Therefore, sustained inflows above the $1 million-mark may act as confirmation of strengthening demand. Especially if accompanied by additional volume and price action alignment.

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