A second week of rollercoaster rides on the cryptocurrency market was witnessed by Ether (ETHPrice drop to below $3,000, andBTCThe ) stock price fell to $37,700 for a multi-month high. Investor fear about potential rate increases by the Federal Reserve caused a sell-off in the Equities Markets.

Bitcoin prices have fallen by 41.72% since their $69,000 record high. Although some may consider it to be a bearish market for Bitcoin, an in-depth analysis of different on-chain data and derivatives data has shown that BTC’s main drivers are inflows from institutional investors and the pivot effect from these institutions.