ניט קאַרדאַנאָ, עטהערעום אָדער ליטעקאָין אָבער אַוטפלאָוז זענען בלויז פאָוקיסט אויף ...

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 געשטאנען 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 מעלדונג. 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.

מקור: CoinShares

In terms of assets under management (AUM), last week’s outflows were the third-largest on record, representing 1.2% of the entire AUM of all funds that CoinShares tracks. The worst was outflows of 1.6% recorded during the 2018 bear market.

Geographically speaking, Canadian investors אָפלאָאַדעד 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.

"די אַוטפלאָוז פארגעקומען אויף יוני 17, אָבער זענען שפיגלט אין לעצטע וואָך ס פיגיערז רעכט צו האַנדל ריפּאָרטינג לאַגז, און מיסטאָמע פאַראַנטוואָרטלעך פֿאַר ביטקאָין ס אַראָפּגיין צו $ 17,760 אַז אָפּרוטעג."

Exodus #101

ביטקאָין [בטק] 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.

מקור: CoinShares

Apart from Bitcoin, other assets including עטהערעום [ETH] ($ 10.9 מיליאָן), קורץ ביטקאָין ($ 15.3 מיליאָן), Cardano [ADA] ($ 0.8 מיליאָן), טראָן [TRX] ($ 0.1 מיליאָן), פּאָלקאַדאָט [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 ציל ביטקאָין עטף 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.