Bybit Report: Bitcoin Crushes Stablecoins!
In the dynamic landscape of crypto, institutional and retail investors are constantly reassessing their asset allocation strategies. A recent report from Bybit reveals an interesting trend ! A decrease in exposure to stablecoins in favor of increased interest in major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
Bitcoin is gaining ground against stablecoins!
According to the Bybit report covering the period from December 2023 to May 2024, BTC remains the most held asset by users. It represents 26% of the total assets of users on the crypto platform. This preference for Bitcoin underscores its role as a cornerstone in cryptocurrency investment plans.
Furthermore, the share of stablecoins in the total assets has almost been halved. They went from 50.2% in December 2023 to 42.8% in May 2024. This pivot away from stablecoins suggests growing confidence in more volatile crypto assets as major components of investment portfolios.
Crypto investors are positioning themselves on safe values
The report highlights notable differences between institutional and retail investment trends. Institutions are more focused on Bitcoin and Ethereum, perceived as large-scale assets. In May, institutional positions in BTC and ETH were concentrated at 38.9% and 20.3%, respectively. On the other hand, retail traders show a preference for BTC over ETH, though less pronounced than that of institutions.
The move away from stablecoins and towards more established cryptocurrencies like Bitcoin represents growing confidence in the ecosystem. Traders are beginning to value cryptos both as safe-haven assets and growth assets, depending on market conditions. This indicates a growing maturity of the crypto market, where institutional and retail investors increasingly recognize the long-term potential of these digital assets beyond their short-term volatility.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.