Bitcoin Drives Record Crypto Outflows as Sentiment Remains Negative

Crypto investment products experienced a third consecutive week of outflows, with $795 million exiting the market last week. This trend is primarily driven by Bitcoin, which saw $751 million in outflows, accounting for nearly 94% of the total withdrawals. Despite its strong year-to-date inflows of $545 million, Bitcoin’s recent outflow has raised concerns about a shift in investor sentiment.