CoinShares notes a gradual improvement in investor sentiment since the middle of last month

The crypto winter is not over yet, and the next months will be quite difficult. This opinion was expressed by the head of Binance, Changpeng Zhao, in an address to his employees.

“Expecting turbulence in the next few months, we will overcome this difficult period and become stronger through it,” the entrepreneur said.

In his opinion, the cryptosphere is currently experiencing a “historic moment”. At the same time, Zhao noted that the financial strength of his company is quite sufficient to “survive any crypto winter.”

Meanwhile, CoinShares pointed to a gradual improvement in investor sentiment since the middle of last month, since when they invested $108 million in bitcoins. This is 2.1% of the total volume of assets that are under management.

Experts noted that investors have been gradually withdrawing funds from Ethereum for four weeks in a row. The total amount of funds withdrawn was $2.4 million, and since the middle of last month it is $22 million. CoinShares analysts believe that investors still have more faith in BTC than in ETH.

But CoinGecko specialists recorded an increase in the number of “whales” in the Bitcoin and Ethereum networks, which happened against the backdrop of the bankruptcy of FTX. Growth rates increased by 4 times compared to the average annual levels.

Analysts believe that the increase in activity may demonstrate the combination of two things: the transfer of assets of large investors from cryptocurrency platforms to independent storages and the purchase of cryptocurrencies at the stage of fall in order to increase the volume of their own investments.

Do you agree with such conclusions?