1.1 billion USD weekly outflow: crypto market fragmentation intensifies, the US is playing people for suckers while Europe is buying the dip.

Key Data Overview

Last week, digital asset funds experienced a second consecutive week of outflows, totaling 1.17 billion USD. Among them, BTC and ETH were the hardest hit, with outflows of 932 million and 438 million USD, respectively.

The recent withdrawal mainly stems from two pressures: first, the uncertainty regarding the Federal Reserve's interest rate cut expectations, and second, the aftereffects of the liquidity collapse event in October.

Regional Differentiation is Obvious: The US is Retreating, Europe is Bottom-Fishing

The most interesting thing is the regional differences — American investors are rushing in, while Europe is taking over.

  • United States: Net outflow of 1.22 billion USD (all are panic sellers)
  • Germany: Inflow of 41.3 million USD
  • Switzerland: Inflow of 49.7 million USD

There was a brief rebound in the middle of the week (trading volume exceeded 4.3 billion USD), as investors were betting that the U.S. government shutdown could be resolved, but on Friday there was another sharp drop.

Bottom-buying main force changes: Solana outperforms the market

The market is cutting losses, but small coins are soaring.

Solana is the biggest winner, with an inflow of 118 million USD in a single week, totaling 2.1 billion USD over nine weeks. Other popular pick-ups:

  • HBAR: 26.8 million USD
  • Hyperliquid: 4.2 million USD

Analysts believe this reflects investors' diversification strategy – BTC and ETH are no longer appealing, and they are turning to small coins with fundamental support.

Interestingly, a certain week prior, digital asset funds had also achieved the largest net inflow in history for a single week - 5.95 billion USD, all due to the disappointing US employment data. The market sentiment is like a roller coaster.

BTC-2.96%
ETH-3.34%
SOL-4.33%
HBAR-3.13%
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