Crypto Market Sees Sharp Downturn Amid ETF Outflows and Macro Uncertainty

The crypto market has seen a sharp downturn this week, driven by various factors including ETF outflows, capital shifts towards AI and equity markets, and macro uncertainty. This has led to liquidations and risk-off sentiment across the sector.

Altcoins have also followed the downside trend, with many large caps breaking key support levels. However, a few selective narratives have shown relative strength amid the broader market correction.