Institutional Investors Seen Dumping Crypto Ahead Of Market Crash

The crypto market crash is forcing institutional investors to sell their crypto holdings. The crypto market cap has now dropped to $961.83 billion, losing almost $1.5 trillion since November. According to CoinShares‘ latest report, the digital asset investment products outflow was $102 million last week. Bitcoin outflows of $57 million and Ethereum outflow of $41 million were recorded last week amid the Fed’s monetary tightening and market-wide selloffs.