Analysis: Crypto market sees $8B institutional outflow in 30 days

The cryptocurrency market has experienced a net capital outflow of $8 billion over the past 30 days, according to a report from BIT (formerly Matrixport). The analysis, which summed the fund flows from stablecoins, MicroStrategy (MSTR), and spot BTC ETFs, suggests that institutional investors are reducing their positions in risk assets ahead of the third quarter. The report noted that while fund inflows merely slowed in the fourth quarter of last year, the current trend shows a clear net outflow. With no clear upward catalysts like a shift in the Fed's monetary policy, it is difficult to expect new buying pressure to emerge, BIT explained. The firm added that while the market may see high volatility going forward, its upside potential could be limited.