Bitcoin Plummets $1.38 Billion: Negative Sentiment Drives Cryptocurrency Outflows

Digital asset investment products saw significant outflows last week, marking the third consecutive week of negative flows and totaling $3.2 billion. This withdrawal was driven by market uncertainty, particularly related to ongoing monetary policy shifts and selling activities from major crypto whales. CoinShares reports that Bitcoin witnessed a $1.38 billion outflow in the latest week, contributing to the broader trend.