The outflow of funds from cryptocurrency investment products in the period from September 16 to 22 amounted to $9 million compared to $54 million a week earlier. These calculations were made by CoinShares analysts.
Trading volumes were $820 million below the year-to-date average ($1.3 billion).
Bitcoin funds recorded an outflow of $6 million after $45 million in the previous reporting period.
From structures that allow opening shorts on the first cryptocurrency, investors withdrew $2.8 million (a week earlier $3.8 million).
Altcoin-based products showed mixed dynamics. In Ethereum funds, investors released $2.2 million, in the previous week – $4.8 million. From structures based on BNB and Polygon – $0.3 million each.
Products based on Solana and XRP raised $0.66 million and $0.31 million, respectively.
Earlier, IntoTheBlock specialists drew attention to the zeroing of the correlation between Bitcoin and the US dollar.
Let us remind you that BitMEX co-founder Arthur Hayes admitted a possible short-term drop in the price of the first cryptocurrency below $20,000 followed by a new bullish impulse. However, in September, he pointed to the positive outlook for digital gold despite politics Fed.
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