Institution crypto investors seem to be rapidly pulling out of the market and Bitcoin was again the main focus, seeing the highest weekly outflow recorded since March.
Effects Of A Lingering Bear Market?
The crypto summer doldrums have come out in full force and weekly trading volumes in investment products have experienced a remarkable 36% below the year-to-date average. The wider on-exchange market volumes have taken a bigger hit, having suffered more, falling 62% relative to the year-to-date average.
Last week, 93% of weekly outflows were long Bitcoin investment products, while short Bitcoin investment products experienced their 14th successive week of outflows totaling $3.1 million.
Bitcoin saw outflows within the region of $111 million. This was the largest since March when the United States Securities and Exchange Commission (SEC) commenced regulatory investigations into cryptocurrency exchanges.
Aside from Bitcoin, Ethereum also experienced outflows reaching $6 million,
We współpracy z: https://bitcoinist.com/bitcoin-outflows-touch-4-month-high/
