Crypto’s 15-Week Winning Streak Snapped: $223M Door Slam Heard ‘Round the Blockchain

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In a twist that could only happen in the wild world of crypto, the market took a sudden turn, ending a 15-week streak of inflows with a $223 million withdrawal. According to CoinShares, the European asset manager that keeps an eye on all things digital, the change was as swift as a coyote crossing the desert highway at midnight.

Their weekly report, a document as thick as a farmer’s calloused hand, revealed that digital asset investment products saw net outflows of $223 million last week. This halt in the flow of greenbacks was attributed to a shift in investor sentiment, particularly after some key US macroeconomic events. You know, those things that make Wall Street traders sweat like they’ve just run a marathon in a wool suit.

James Butterfill, the man who knows more about these numbers than anyone else, explained it like this: “We started the week strong, with $883 million in inflows, but then the FOMC meeting and some stronger-than-expected US economic data came along, and-poof!-risk appetite vanished faster than a mirage in the Mojave.”

“The reversal came swiftly, with over $1 billion in outflows recorded on Friday alone,” Butterfill noted, adding a shrug that could have been heard across the Atlantic. 🤷‍♂️

Bitcoin Takes the Hit in Market Reactions

Bitcoin, always the first to feel the chill of monetary policy changes, felt the brunt of last week’s negative flows. The asset saw $404 million in outflows, one of the largest weekly pullbacks in recent months. But despite this, year-to-date inflows remain strong, standing at $20 billion. This suggests that institutional investors still have a long-term crush on the digital darling. 💘

CoinShares pointed out that the sudden shift could be partly due to profit-taking following a period of significant market inflows. After all, who doesn’t love to cash in when the going gets good? 🤑

Over the last 30 days alone, digital asset products attracted $12.2 billion, representing half of the total inflows for 2025 to date. The report suggested that after such a sharp accumulation phase, it’s not uncommon for investors to lock in gains amid increased macroeconomic uncertainty. It’s like a farmer deciding to sell his best cow before the drought hits. 🐄

Altcoins Stay Strong Despite the Pullback

While Bitcoin took a hit, other leading altcoins continued to attract capital. Ethereum, the second-most popular cryptocurrency, recorded $133 million in net inflows, marking its 15th consecutive week of positive investment flows. This is seen as a sign of growing confidence in its long-term adoption prospects. It’s like the town’s favorite saloon staying open even when the gold rush slows down. 🍻

Other assets, including XRP ($31.2 million), Solana ($8.8 million), and SEI ($5.8 million), also posted positive inflows, suggesting that investor interest in diversified crypto exposure remains intact. Aave and Sui saw smaller but still positive inflows of $1.2 million and $0.8 million, respectively. It’s a bit like a farmer planting different crops to hedge against a bad harvest. 🌾

Despite last week’s overall outflows, CoinShares maintains that broader sentiment toward digital assets remains constructive, with total assets under management for crypto investment products still well above last quarter’s levels. The report emphasized that digital asset products are likely to remain highly sensitive to macroeconomic policy developments, particularly US Federal Reserve decisions on interest rates. It’s a game of cat and mouse, with investors constantly adjusting their positions based on shifting economic signals. 🐱🐭

Featured image created with DALL-E, Chart from TradingView

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2025-08-19 07:19