Bitcoin (BTC), which recovered above $ 29,000 after the Fed's interest rate decision last week, fell to the level of $ 27,200 with a sudden decrease yesterday.
While the reason for this dream is unknown, it was claimed that the possibility of being sued against Binance brought a decrease.
Coinshares has released its weekly cryptocurrency report as investors wonder if a new wave of declines will come in Bitcoin.
Stating that the fund outflows in crypto money products continued in the third week, Coinshares said that there was a total of 54 million dollars outflow last week:
"Cryptocurrency investment products have seen outflows for the third consecutive week, with a total outflow of USD 54 million last week."
Looking at crypto funds individually, it was seen that the majority of fund outflows were in Bitcoin.
While Bitcoin experienced an outflow of $ 31.8 million last week, the largest altcoin Ethereum (ETH) also experienced an outflow of $ 2.3 million.
The Bitcoin Short fund, which is indexed to the fall of BTC, also experienced a record high of $ 23.1 million this week.
“Bitcoin saw $32 million outflows last week as the mood in the US turned markedly positive with inflows of $18M and record short Bitcoin fund outflows of $23M.”
In the face of the exits last week, Solana (SOL) experienced $ 3.4 million entry.
Looking at the regional fund inflows and outflows, Germany ranked first with a fund outflow of $27.1 million, while Canada ranked second with $19.6 million, and the USA ranked third with $4.5 million.
Germany and the USA were followed by Switzerland with 3.5 million dollars and Brazil with 0.3 million dollars.
In the face of these exits, it was seen that there was an inflow of 1.3 million dollars in Sweden.
*Not investment advice.