Crypto Outflows Hit $812 Million Amid Strong US Macro Data
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Digital asset markets reversed sharply last week, with $812 million exiting investment products after nearly $2 billion in inflows just days earlier. Bitcoin saw $719 million in outflows, while Ethereum lost $409 million, halting Bitcoin’s strong YTD inflows of $12 billion.
CoinShares reports suggest the pullback was driven by caution rather than bets on a sustained downturn, as short-Bitcoin products did not surge.