According to the latest CoinShares report, the digital asset market is experiencing a significant wave of capital outflows. Last week saw net outflows of $1.94 billion, with a four-week cumulative outflow reaching $4.92 billion, making it the third largest since 2018. Bitcoin and Ethereum remain the main drivers of the outflows, although there were some signs of recovery on Friday.
Notably, funds betting against Bitcoin continue to flow in, indicating that bearish sentiment is still spreading in the market. Among altcoins, Solana suffered a massive $156 million withdrawal, while XRP defied the trend by attracting $89.3 million, standing out with strong performance.
This wave of capital outflows reflects the current cautious attitude of the market. Investors may be reassessing risks and adjusting their portfolios. In the short term, we may see digital asset prices remain under pressure. It is advisable to closely monitor the actions of large institutions and changes in on-chain data to capture potential turning points in market sentiment.
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According to the latest CoinShares report, the digital asset market is experiencing a significant wave of capital outflows. Last week saw net outflows of $1.94 billion, with a four-week cumulative outflow reaching $4.92 billion, making it the third largest since 2018. Bitcoin and Ethereum remain the main drivers of the outflows, although there were some signs of recovery on Friday.
Notably, funds betting against Bitcoin continue to flow in, indicating that bearish sentiment is still spreading in the market. Among altcoins, Solana suffered a massive $156 million withdrawal, while XRP defied the trend by attracting $89.3 million, standing out with strong performance.
This wave of capital outflows reflects the current cautious attitude of the market. Investors may be reassessing risks and adjusting their portfolios. In the short term, we may see digital asset prices remain under pressure. It is advisable to closely monitor the actions of large institutions and changes in on-chain data to capture potential turning points in market sentiment.