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Crypto outflows surge to $1.7 billion as Bitcoin bears the brunt of withdrawals

Crypto outflows reached 1.687 billion USD, with Bitcoin alone contributing 978 million USD over the past week, totaling 5.4 billion USD in five weeks. Despite this, XRP attracted 1.8 million USD in inflows, reflecting positive investor sentiment.

Outflows in the US accounted for approximately 1.16 billion USD, indicating a significant regional sentiment shift. However, year-to-date inflows remain at 912 million USD, suggesting pockets of resilience in the presently bearish environment.

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