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Crypto Outflows Hit $6.4bn as Long Holdings Pile Up

Cryptocurrency exchange-traded funds (ETFs) continued to experience outflows last week, with investors pulling out $1.7 billion, according to CoinShares’ latest report. Over the past five weeks, total outflows have reached $6.4 billion. Despite this trend, data from CryptoQuant indicates that long-term crypto investors are still accumulating Bitcoin (BTC), even as the market faces corrections.

The Coinshare report also highlighted a sharp decline in assets under management (AUM) for crypto products. From a peak of $134 billion in 2024, AUM has now dropped to $48 billion, underscoring the impact of the sustained withdrawals.

In terms of regional data, the United States led the outflows, accounting for $1.16 billion, or 93% of the total. Analysts suggest that broader economic concerns, tariff attacks, and regulatory pressures may be driving negative sentiment toward crypto ETFs. Germany and Switzerland also recorded significant withdrawals, with outflows of $8 million and $528 million, respectively.

Bitcoin ETFs were among the hardest hit, witnessing $978 million in outflows last week alone. Over the past five weeks, total outflows from Bitcoin ETFs have reached $5.4 billion. The price of Bitcoin dipped below $80,000 last week, weighed down by macroeconomic uncertainty and market volatility.

Solana and Ethereum investment products also faced outflows, shedding $2.2 million and $175 million, respectively. In contrast, Ripple’s XRP attracted fresh capital, with $1.8 million in new inflows. Equities linked to blockchain also had trouble, with $40 million leaving the market in the last week.

However, long-term BTC holders have not been deterred. According to CryptoQuant, the volume of Bitcoin held for three to six months has risen significantly. This metric, known as the Realized Cap UTXO Age Bands, tracks how long investors have held onto their BTC. The increasing accumulation suggests that long-term holders remain confident in Bitcoin’s future potential.

CryptoQuant’s report emphasized that this kind of resilience has historically played a key role in stabilizing the market and sparking new upward trends. The current pattern mirrors similar behavior seen during last year’s extended correction phase.

Rather than signaling the start of a prolonged bearish trend, the ongoing accumulation suggests that Bitcoin is undergoing a routine market correction.

Meanwhile, companies such as Strategy (NASDAQ: MSTR) have continued to add to their Bitcoin holdings. Last week, Strategy purchased 130 BTC for $10.7 million, at an average price of $82,981 per Bitcoin, reinforcing confidence in the asset despite recent price fluctuations.

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