Cryptocurrency Market Sees Fifth Consecutive Week of Negative Fund Flows

The cryptocurrency market has been experiencing a downturn in investor confidence, with $288 million in net outflows reported for the week ending February 21. This marks the fifth consecutive week of negative fund flows, bringing the cumulative total to $4 billion.

However, this pace of withdrawals is lower than last year's corresponding period, which saw $6 billion in losses. This suggests a more measured market adjustment rather than panic selling.

The regional breakdown highlights a divergence in investor behavior between US and international investors. While US-based funds accounted for $347 million in outflows, Europe and Canada recorded combined inflows of $59 million.