Bitcoin saw outflows that took over much of the crypto market last week, but few investors saw this as a short-selling opportunity.
- Digital asset investment products saw outflows for the second consecutive week totaling $206 million, with volume in ETPs down slightly at $18 billion.
- Bitcoin saw an outflow of $192 million, but few investors saw this as an opportunity to short, with Short-bitcoin seeing an outflow of $0.3 million.
- Chain stocks saw outflows for the 11th straight week.
Digital asset investment products saw outflows for the second consecutive week totaling $206 million, with volume in ETPs down slightly at $18 billion. These volumes represent a lower percentage of total bitcoin volume (which continues to increase) at 28%, compared to 55% a month ago. Data shows that demand from ETP/ETF investors continues to decline, likely due to expectations that the Fed may keep interest rates at these high levels for longer than expected.
Regionally, the negative sentiment came almost exclusively from US ETFs, which saw Capital of $244 million, with Capital concentrated on existing ETFs, in as newly issued ETFs continue to see Capital , but significantly lower than in previous weeks. Canada and Switzerland saw Capital inflows of $30 million and $8 million, respectively, while Germany saw small Capital outflows of $8 million.
Bitcoin saw an outflow of $192 million, but few investors saw this as an opportunity to open a short position, as Short-bitcoin saw an outflow of $0.3 million. Ethereum sees outflows of $34 million, marking the 6th consecutive week. Meanwhile, multi-asset sentiment improved with Capital inflows of $9 million last week. Litecoin and Chainlink saw Capital of $3.2 million and $1.7 million, respectively.
Blockchain company stocks saw outflows for the 11th straight week totaling $9 million as investors continue to worry about the consequences of halving for mining companies. mine.
Please continue to follow Coin Moi to stay updated with the latest news in the market!
The article Cash flows out of the Crypto market by another 206 million USD appeared first on CoinMoi .
