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Bitcoin dominates inflows
Bitcoin led the way, contributing the majority of these inflows, with a total of $20 million. On the other hand, short-focused Bitcoin investments continued to see $1.5 million worth of outflows last week. These ongoing outflows in short-focused Bitcoin investments have reached $85 million since April.
On the other hand, altcoin Solana is one of the shining investment products this week. Accordingly, Solana, the rising star of Bitcoin and the money market, continues to dazzle investors. Solana spent its 27th week with a positive investment sentiment, with an inflow of $5 million. Impressively, Solana had a Breakout in just four weeks this year. Accordingly, it has strengthened its position as one of the most preferred altcoins in 2023.
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