At a Glance
- Investors pulled $1.73B from digital asset funds, the heaviest outflow since mid-November 2025.
- Bitcoin led the sell-off with $1.09B withdrawn, while Solana bucked the trend, adding $17.1M.
- The United States drove the regional exodus, sending $1.79B out of crypto funds.
Why it matters: The sustained bearish sentiment signals a tightening risk-off environment, impacting liquidity and pricing across the crypto market.
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Crypto markets have entered a prolonged period of defensive trading, with investors retreating from major digital asset funds. The latest data from CoinShares shows that sentiment has not improved since the sharp sell-off on October 10, 2025, and the outflows have reached levels not seen since mid-November 2025.
Heavy Outflows Across Major Cryptos
CoinShares’ Digital Asset Fund Flows Weekly Report details that investors pulled $1.73B from crypto funds in a single week. This represents the largest single-week outflow since the market downturn in late 2025. The trend mirrors the decline seen during earlier bear markets.
Bitcoin Leads the Sell-off
Bitcoin funds experienced the strongest withdrawals, with $1.09B pulled in the past week. This is the largest outflow since mid-November 2025. Short-Bitcoin products only saw a modest $0.5M inflow, indicating that traders remain cautious and some are positioning for further declines.
Other Asset Movements
| Asset | Outflow (or Inflow) | Notes |
|---|---|---|
| Ethereum | $630M | Significant sell-off |
| XRP | $18.2M | Weak market activity |
| Sui | $6M | Minor withdrawal |
| Solana | $17.1M | Only asset to record inflow |
| Binance | $4.6M | Small inflow |
| Chainlink | $3.8M | Small inflow |
| Litecoin | $0.3M | Small inflow |
The table shows a clear pattern of outflows across the top assets, with Solana being the sole exception.
Regional Outflows
Investors in the United States led the exodus, sending $1.79B out of crypto funds in a single week. Other countries also recorded withdrawals:
| Country | Outflow |
|---|---|
| Sweden | $11.1M |
| Netherlands | $4.4M |
| Hong Kong | $2.6M |
| Brazil | $1.7M |
| France | $0.9M |
| Italy | $0.1M |
Conversely, Canada, Switzerland, and Germany recorded inflows:
| Country | Inflow |
|---|---|
| Canada | $33.5M |
| Switzerland | $32.5M |
| Germany | $19.1M |
These numbers highlight a stark contrast between regions that are pulling out of crypto and those that are still adding capital.
Market Sentiment and Risk-Off Mode
Bitcoin is currently hovering around $88,000 but remains under strong bearish pressure. According to Petr Kozyakov, Mercuryo’s Co-Founder and CEO, the markets are in a “risk-off” mode, with gold and silver surging as investors move into traditional safe-haven assets amid rising geopolitical risks.
> “Both retail and institutional crypto investors remain on the defensive,” said Petr Kozyakov in a statement to News Of Los Angeles.
The statement underscores that even retail-driven sectors that attracted traders last year, such as meme coins, are experiencing a lack of activity. Institutional participation has also retreated, further tightening the market.
Key Takeaways
- The outflow of $1.73B reflects a sustained bearish sentiment that has not improved since October 10, 2025.
- Bitcoin funds alone saw $1.09B withdrawn, the largest single-week outflow since mid-November 2025.
- Solana stands out as the only major asset to record inflows, bringing in $17.1M.
- The United States dominated the outflow, sending $1.79B out of crypto funds.
- Market sentiment remains risk-off, with investors favoring traditional safe-haven assets.
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The data suggests that the crypto market is currently in a defensive phase, with liquidity tightening and investors seeking safety in more stable assets. The continued outflows and bearish tone may influence future pricing and trading strategies across the digital asset space.
