Nu Cardano, Ethereum sau Litecoin, dar ieșirile s-au concentrat exclusiv pe...

The ongoing cryptocurrency market has continued to witness major liquidations. Following a $24 billion decline on 26 June, the total crypto market cap slipped by $9.17 billion on 27 June. At press time, the total liquidations over the last day stătea at $137 million. It was down from $145 million as compared to 27 June.

Catching the first train out 

This certainly seems to be the case with cryptocurrency holders as highlighted in the latest Digital Asset Fund Flows Weekly raportează. CoinShares noted that digital asset investment products suffered over $420 million in outflows last week. In fact, this has been the largest since records began by a wide margin as depicted here.

Sursa: CoinShares

În ceea ce privește activele gestionate (AUM), ieșirile de săptămâna trecută au fost a treia ca mărime înregistrate, reprezentând 1.2% din întregul AUM al tuturor fondurilor urmărite de CoinShares. Cel mai rău au fost ieșirile de 1.6% înregistrate pe piața urs din 2018.

Geographically speaking, Canadian investors descarcat around $487.5 million worth of digital asset products last week. Importantly, United States-based investors accounted for more than half of the inflows with $41 million.

Nevertheless, the void remains too big to close and even the king coin suffered the repercussions.

„Ieșirile au avut loc pe 17 iunie, dar s-au reflectat în cifrele de săptămâna trecută din cauza întârzierilor de raportare a comerțului și probabil responsabile pentru scăderea Bitcoin la 17,760 USD în acel weekend.”

Exodus #101

Bitcoin [BTC] led the exodus charge as outflows solely focused on Bitcoin. The king coin saw net outflows for the week totalling $453 million, erasing almost all inflows year-to-date and leaving total Bitcoin AuM at $24.5 billion, the lowest point since the beginning of 2021.

Sursa: CoinShares

Apart from Bitcoin, other assets including Ethereum [ETH] (10.9 milioane USD), Bitcoin scurt (15.3 milioane USD), Cardano [ADA] (0.8 milioane USD), Tron [TRX] (0.1 milioane USD), Polkadot [DOT] ($0.2 million), and other assets ($2.9 million) reported total inflows of $30 million last week. Overall, the result in net outflows reached a total of $423 million.

In addition, providers’ flow painted a similar picture as well. Stripping out the $493 million outflows reveals that other providers saw aggregate inflows totalling $70 million.

The withdrawals came from the Scop ETF Bitcoin that stood at an amount equal to about 24,510 BTC. Furthermore, it is also likely that these enormous outflows are caused by a forced seller, thus leading to a huge liquidation.