Last week was absolutely brutal for crypto. Digital asset investment products saw $2 billion walk out the door in the biggest exodus since February. That makes three straight weeks of outflows now, bringing the total to $3.2 billion. Bitcoin took the worst hit with $1.38 billion leaving, which is about 2% of everything under management.
Here’s the interesting part, though. While people were dumping regular Bitcoin products, short Bitcoin ETFs pulled in $9.1 million. That means some traders are actively betting the price goes lower. Over three weeks, those short products have grabbed $18.1 million total.
Ethereum got hammered even worse when you look at percentages. It lost $689 million, which equals 4% of its total assets. Solana and XRP saw smaller exits too. But not everything was red. Sui, Litecoin, and Cardano actually brought in a few million each, which is pretty surprising given the bloodbath everywhere else.
The US led the sell-off with $1.97 billion heading for the exits. Germany was basically the only place buying the dip, with $13.2 million coming in. Some experts think we’re near the end of this correction, not the start of something worse.
Conclusion
Massive crypto outflows reflect deep investor uncertainty, though contrarian voices suggest the selling may be exhausting itself as key support levels begin holding despite relentless pressure.
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