Bitcoin (BTC)'s price fell below $58,000 on Monday morning as institutional investors seemed to pause their buying spree. The broader cryptocurrency market also saw a downturn. Ethereum (ETH) fell 4.6% to $2,570, Solana (SOL) dropped 8% to $145, BNB (BNB) declined 5.5%, and Toncoin (TON) slid about 6%.

Despite this, CoinShares data indicates that investors are viewing the dip as a buying opportunity. CoinShares reported $176 million in inflows into digital asset products, as investors took advantage of the price drop. The total assets under management (AUM) for these products rose to $85 billion, recovering from a previous $20 billion loss, mainly due to price rebounds rather than new capital.

Ethereum emerged as a key beneficiary, attracting $155 million in inflows last week, driven by the launch of US spot-based ETFs. Year-to-date inflows for Ethereum have reached $862 million, the highest since 2021.

Bitcoin initially faced outflows but ended the week with a net inflow of $13 million. Meanwhile, short Bitcoin ETPs experienced their largest weekly outflow since May 2023, with $16 million withdrawn.

The outlook for Bitcoin remains uncertain. 10x Research suggests it's unlikely Bitcoin will reach new all-time highs soon, with risks leaning more to the downside. CEO Markus Thielen noted a potential shift in Bitcoin's trading range to between $50,000 and $60,000 due to drying up ETF buying.