From March 8 to 14, cryptocurrency investment funds saw outflows amounting to $1.69 billion, following $876 million in the previous reporting period, according to CoinShares.
This negative trend has persisted for five consecutive weeks, with clients withdrawing $6.44 billion from products during this period. Since the beginning of the year, the result remains positive at $912 million.
Outflows from instruments based on the first cryptocurrency increased from $756 million to $978 million, reaching $5.4 billion over the past five weeks.
In the segment of U.S. spot Bitcoin ETFs, investors withdrew $838.3 million. The negative trend continued for the fifth consecutive week.
Clients withdrew $3.6 million from structures allowing short positions on digital gold (previously $19.8 million).
In Ethereum funds, outflow rates increased from $89.2 million to $176 million.
Inflows into XRP-based instruments slowed from $5.6 million to $1.8 million.
Funds based on Solana and Sui experienced a shift from inflow to outflow, amounting to $2.2 million and $0.6 million, respectively.
Earlier, CryptoQuant CEO Ki Young Ju suggested a prolonged consolidation of Bitcoin within a broad range (e.g., $75,000-100,000), similar to early 2024 before prices returned to an upward trajectory.
Experts at Matrixport forecasted the end of the correction for the first cryptocurrency in March-April. Specialists at Glassnode suggested that the asset’s redistribution phase could be prolonged.
Some analysts, including former BitMEX CEO Arthur Hayes, speculated that the price of digital gold could plummet to $70,000 before continuing the bull run.