Institutional Crypto Outflows Hit $3.74 Billion as Bitcoin Price Corrects

Institutional investors have significantly reduced their exposure to digital assets, with monthly outflows reaching a staggering $3.74 billion. According to the latest report from CoinShares, digital asset investment products saw a further withdrawal of $173 million in just the past week. This massive sell-off coincides with a sharp market correction that saw Bitcoin's price tumble from a high of approximately $95,400 to a low of $62,800. The scale of these withdrawals reflects a growing risk-off sentiment among institutional players following the recent price volatility. Market analysts suggest that such large-scale outflows could continue to exert downward pressure on major cryptocurrencies like BTC and ETH. The data underscores a period of heightened caution as the market recalibrates after record highs.