Cryptocurrency Market Saw Record-Breaking Outflows from Institutions

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Cryptocurrency Market Saw Record-Breaking Outflows from Institutions
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Institutional outflows this week reached almost $500 million as large investors were rapidly dropping their crypto funds

As for the territorial source of outflows, Canadian exchanges are the biggest providers of negative volume as we saw large withdrawal activity on them back on June 17.was already in the recovery process, and we should expect neutral or positive dynamics on institutional addresses.About the authorArman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

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