According to CoinShares, crypto investment products recorded another week of net outflows, totaling –$173 million.

While the negative flow trend continues, the magnitude remains relatively modest compared to previous large-scale withdrawal phases.

This suggests:

• cautious positioning rather than panic selling
• continued portfolio rebalancing by institutional players
• absence of aggressive capital flight from the sector

In flow analysis, context matters. Small outflows during consolidation phases can reflect indecision, whereas large outflows typically indicate structural risk-off behavior.

For traders, monitoring whether outflows stabilize, reverse into inflows, or accelerate will be key in assessing short-term market direction and institutional sentiment.