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 турду 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 билдирүү. 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.
Булак: CoinShares
Башкаруудагы активдер (AUM) боюнча, өткөн жумадагы агылып чыгуулар рекорддук үчүнчү орунда болду, бул CoinShares көзөмөлдөгөн бардык каражаттардын 1.2% түзөт. Эң начары 1.6-жылдагы аюу рыногунда катталган 2018% агып чыгуу болду.
Geographically speaking, Canadian investors түшүрүлгөн 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.
"Агып чыгуулар 17-июнда болгон, бирок өткөн жуманын көрсөткүчтөрүндө соода отчеттуулугунун артта калышынан улам чагылдырылган жана ошол дем алыш күндөрү Биткойндун 17,760 XNUMX долларга чейин төмөндөшүнө жооптуу болушу мүмкүн."
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.
Булак: CoinShares
Apart from Bitcoin, other assets including Ethereum [ETH] (10.9 млн доллар), Кыска Bitcoin (15.3 млн доллар), Cardano [ADA] (0.8 млн доллар), Tron [TRX] (0.1 млн доллар), Полкадот [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 Максаты Bitcoin ETF 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.
Source: https://ambcrypto.com/not-cardano-ethereum-or-litecoin-but-outflows-were-solely-focused-on/