Data: Last week, digital asset investment products recorded $454 million in outflows.
BlockBeats News, January 12, according to data from Coinshares, digital asset investment products recorded an outflow of $454 million last week. The total outflow over the past four days reached $1.3 billion, almost completely reversing the $1.5 billion inflow seen in the first two days of this year. The shift in market sentiment is mainly due to investors' concerns that, with the recent release of macroeconomic data, the likelihood of a Federal Reserve rate cut in March is decreasing.
By region, the United States was the only market showing negative sentiment, with an outflow of $569 million. In contrast, other countries saw capital inflows: Germany led with $58.9 million, followed by Canada ($24.5 million) and Switzerland ($21 million).
Bitcoin was the main target of negative sentiment, with an outflow of $405 million last week. Although short bitcoin products also saw an outflow of $9.2 million during the same period, this reflects a divergence in overall market sentiment towards the asset. Ethereum saw a total outflow of $116 million last week, while multi-asset products recorded an outflow of $21 million during the same period. Products related to a certain exchange and Aave saw relatively small outflows of $3.7 million and $1.7 million, respectively.
XRP, Solana, and Sui continued to maintain net capital inflows, attracting $45.8 million, $32.8 million, and $7.6 million, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The top 100 publicly listed companies collectively hold 1,105,750 bitcoins.
Next Week's Key Events: SKR Token Officially Launches; BitGo Lists on Nasdaq
FIGHT Tokenomics Revealed: Total Supply of 10 Billion, Community Share of 57%
Analyst: Bitcoin Key Support at $81,700, Resistance Near $101,000
