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

According to CoinShares, institutional influx into crypto products in the first quarter was $ 4.5 billion, up 11% from the fourth quarter of 2020. This shows that institutional interest is growing, but quarterly growth has slowed from 240% recorded in the fourth quarter of 2020.

As the price of bitcoin rises, more funds are needed to maintain levels. Consequently, if institutional inflow does not increase in the next few days, Bitcoin (BTC) and other altcoins could witness a major correction.

Daily cryptocurrency market indicators. A source: Coin360

The next correction could test the resolve of institutional investors, and even though these investors have big pockets, some of them may have jumped into crypto just for quick speculative profits. There is always the possibility that investors could dump their positions if Bitcoin starts a correction.

While this could accelerate the decline, lower levels could attract investors who may have missed the bus earlier. If this assumption is confirmed, market volatility could remain high over the next few days.

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