Bitcoin and Ethereum Lead $361M and $302M Crypto Spot Outflows

Coinglass data shows renewed Bitcoin and Ethereum spot market outflows, alongside varied movements in other tokens, signaling shifts in investor liquidity preferences.

BTC
ETH
XRP

Summary

Coinglass reported 24-hour crypto spot market net flows with Bitcoin seeing a $126 million outflow and Ethereum registering a $31 million outflow. Other notable outflows included ORCA $22.57 million, XRP $22 million, and ZAMA $20.15 million. Inflows were led by USD1 at $101 million, followed by ZEC $6.88 million, HYPE $3.7 million, MYX $3 million, and WLFI $2.6 million. These figures highlight continued market activity with mixed directional movements across different cryptocurrencies.

Terms & Concepts
  • Crypto spot market: A market where cryptocurrencies are bought and sold for immediate delivery, with transactions settled 'on the spot'.
  • Net flows: The difference between inflows and outflows of assets in a market, showing whether overall liquidity is increasing or decreasing.
  • Coinglass: A cryptocurrency analytics platform providing data on market metrics such as inflows, outflows, and derivatives activity.