Crypto Markets Bleed: Bitcoin, Ethereum Lead $1.1B Outflows

Cryptocurrency markets witnessed substantial net outflows over the past 24 hours, with Bitcoin leading the trend at $660 million, according to data from Coinglass. This significant outflow underscores Bitcoin's position as the most affected asset during this volatile period. Ethereum followed closely with a net outflow of $314 million, reinforcing its correlation with Bitcoin's volatility.

Other notable cryptocurrencies also experienced considerable outflows. Solana (SOL) had a net outflow of $137 million, while Cardano (ADA) and Ripple (XRP) saw outflows of $114 million and $110 million, respectively. Additionally, the TRUMP token faced a net outflow of $70.73 million. These movements reflect fluctuating investor confidence and may influence future trading patterns across the cryptocurrency landscape.