Massive Outflows Shake Digital Asset Market Confidence
Recent monitoring data reveals significant capital outflows from digital asset investment products, with total outflows reaching $454 million last week. Bitcoin-related products experienced outflows of $405 million, while Ethereum recorded $116 million in withdrawals.
Market Sentiment Shifts Rapidly
Over just four days, cumulative outflows hit $1.3 billion, nearly offsetting the $1.5 billion inflow recorded at the start of the year. This dramatic shift in market sentiment primarily stems from investor concerns about the Federal Reserve's potential rate cut in March.
Certain Assets Maintain Appeal
Despite overall outflow trends, select digital assets continue attracting capital. XRP, Solana, and Sui secured inflows of $45.8 million, $32.8 million, and $7.6 million respectively, highlighting sustained investor confidence in specific market segments.