Bitcoin Funds Lost $630 Million But Bears Stay on the Sidelines
The crypto investment world has been a wild ride lately. According to data from CoinShares, for the second week in a row, there's been a huge amount of money leaving these funds. Last week alone, digital asset investment products saw $584 million in outflows, bringing the two-week total to a staggering $1.2 billion in lost funds. This is a big change from May, when a record-breaking $2 billion flowed into these products. It shows just how volatile and emotion-driven the crypto market can be.
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