Bitcoin: US Funds Bleed, Europe Buys Dip Amid Market Uncertainty - CoinShares
According to CoinShares' report, digital asset investment products experienced five consecutive weeks of outflows, totaling $4 billion. The most recent week showed $288 million in outflows. Trading activity also decreased, reaching the lowest weekly volumes since July. The data indicates that the US saw significant outflows of $347 million, while Europe and Canada saw combined inflows of $59 million. This discrepancy raises questions about the varying risk appetites across different regions. Despite the overall negative trend, one week showed positive inflows of $787 million, offering some relief. The US outflows outweigh the inflows from Europe and Canada, suggesting that the selling pressure from the US is not being fully absorbed by other markets. Policy uncertainty in the US may be contributing to this behavior.
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