While Bitcoin (BTC) tried to hold above the $22,300 levels, a net outflow of $17 million was seen from institutional funds in the cryptocurrency market.
In the data shared on Coinshares’ official blog page, net from institutional funds $17 million exit In the last one-week period, it is stated that close to 5% from the funds of depreciating Bitcoin $20 million net output was stated. many experts Fund outflows in 4 weeks He thinks that the decline in Bitcoin will continue because of this.
While the most money outflow is in Bitcoin, in the short Bitcoin fund $1.8 million money was noticed. On the other hand, in Ethereum (ETH) 700 thousand dollars and in Solana (LEFT) 300 thousand dollars from Cosmos (ATOM) while the money inflow is seen, 380 thousand dollars money exit occurred.
CoinShares, 844 million dollars He explained that the volumes in value are lower than in previous weeks and in Bitcoin 15% noted that there was a low volume. in the USA $7.6 million fund Stating that it has an inflow, Coinshares is in Europe with 23 million dollars. outflow of institutional funds He said it’s going on.
Bitcoin at the time of writing, according to CoinGecko data from $22,405 is being traded.