The recent week’s crypto market fund flows are quite interesting. Bitcoin is at the forefront, acting as a market sentiment indicator and coming under direct pressure, with weekly outflows reaching $405 million. Interestingly, during the same period, $9.2 million flowed out of products shorting BTC, indicating that market opinions on this largest crypto asset are not unified—there are both funds exiting short positions and others shifting to long positions.

Ethereum’s situation is even more severe. Weekly outflows totaled $116 million, and fund products covering multiple assets also saw outflows of $21 million, reflecting that investors may be re-evaluating their portfolio allocations at this stage.

In comparison, a leading exchange and Aave ecosystem-related products experienced smaller outflows, only $3.7 million and $1.7 million respectively, indicating relatively stable funds on these platforms. From the data, the market is undergoing a correction cycle, with funds continuing to reallocate between mainstream coins and derivatives.