Bitcoin
Short

Crypto Markets See $3.8 Billion Outflow, What Does It Mean?

72
Ethereum, Solana, and Toncoin were hit with multi-million outflows; but Bitcoin took the biggest hit with $2.59 billion in funding.
For the third week in a row, digital asset investment products have seen investors siphon off funds. This past week alone marked a historic $2.9 billion outflow, raising the cumulative figure to $3.8 billion in three weeks.
According to the latest edition of the Digital Asset Fund Flows Weekly Report, Bitcoin was hit the hardest by negative sentiment, suffering $2.59 billion in outflows last week, while short coin products attracted $2.3 million in inflows. Ethereum also faced heavy losses and received a record $300 million in outflows.
Toncoin was not immune, with investors siphoning off $22.6 million. Meanwhile, multi-asset products experienced $7.9 million in outflows, while Solana and Cardano saw outflows of $7.4 million and $1.2 million, respectively. Even blockchain stocks fell, losing $25.3 million.
Sui, on the other hand, saw inflows of $15.5 million, followed by XRP, which received $5 million, while Litecoin added $1 million in inflows.
Over the past week, outflows were broad, with the United States leading with $2.87 billion, followed by Switzerland with $73 million and Canada with $16.9 million. Sweden also recorded $14.5 million in outflows, while Brazil and Hong Kong saw $2.6 million and $2.5 million, respectively.

In contrast, Germany trended with $55.3 million in inflows as investors bought into the trend. Australia also recorded a modest inflow of $1 million. BTCUSD BTCUSD BTCUSDT.P BTCUSDT ETHUSD

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.