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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe cryptocurrency market faced a sudden reversal as Bitcoin spot ETFs recorded a net outflow of $89.6 million, interrupting the recent streak of institutional growth. BlackRock led the retreat with $112 million in total outflows, significantly impacting market sentiment. This shift follows a period of robust performance where Bitcoin had previously led weekly inflows of $1.2 billion. Despite the selling pressure in Bitcoin products, altcoins like XRP and Avalanche continue to see selective institutional interest. Analysts remain focused on MicroStrategy's corporate buying as a potential counterbalance to ETF volatility ahead of the FOMC meeting. These developments suggest a tactical shift in institutional positioning as the market grapples with realized losses and liquidity fluctuations. The sudden exit from major funds highlights a renewed sense of caution among large-scale digital asset investors.