Despite waning price performance from Bitcoin and Ethereum, the broader cryptocurrency market still recorded notable inflows for weeks. However, all of these changed as investors’ sentiment shifted, and the crypto market ended up seeing massive capital outflows once again.

Bitcoin And Ethereum Are In Major Crypto Outflow

After several weeks of steady inflows, the cryptocurrency market has finally recorded a day of outflows as investors pull funds. Such a development is typically seen as a potential shift in investors’ sentiment across the highly volatile market.

As outlined in Milk Road’s report, this marks the first significant capital outflow in 5 weeks, raising questions about the market’s direction. Funds that had…