Crypto outflows on the rise as investors bet against Bitcoin

Cryptocurrency markets are seeing a resurgence of bearish sentiment, marked by four consecutive weeks of outflows from digital asset investment products, accompanied by a notable increase in investor interest in short Bitcoin positions.

In its weekly report, CoinShares disclosed that cryptocurrency investment products experienced outflows of $59 million over the past week. This adds up to $294 million in outflows over the last four weeks, equating to 0.9% of the sector’s total assets under management (AUM).