BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA

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According to CoinShares, institutional inflow into crypto products was $ 4.5 billion in the first quarter, 11% more than in the fourth quarter of 2020. This shows that institutional interest is increasing, but growth has slowed from the previous quarter to the 240 % recorded in the fourth quarter of 2020.

If the price of bitcoin rises, more funds will be needed to maintain the level. If institutional inflows don’t accelerate over the next few days, Bitcoin (BTC) and other altcoins could see a significant correction.

Daily market performance in cryptocurrencies. Source: Coin360

The next correction could test the determination of institutional investors, and while those investors have deep pockets, some may have jumped into crypto just for quick speculative gains. There is always the possibility that investors will lose their positions if Bitcoin starts a correction.

While this may accelerate the decline, lower levels should attract investors who may have missed the bus earlier. If this assumption is correct, volatility across the market may remain high for the next few days.

Let’s analyze the charts of the top 10 cryptocurrencies to see if a possible correction is also projected.