Bitcoin’s Having a Garage Sale and No One’s Buying-$288M Later

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Oh, honey, the institutional investors are having a fire sale-a crypto fire sale, if you will. According to Coinshares, they’ve just chucked $288 million worth of Bitcoin and crypto assets out the window. Like, literally, they’re Marie Kondo-ing their portfolios, and joy is apparently not sparking for them anymore.

This marks the fifth week in a row of them screaming “NEXT!” at their crypto holdings. Year-to-date, they’ve ditched $4 billion. Four. Billion. That’s enough to buy a small island or, you know, a really nice yacht. Or both. Live your best life, I guess.

Bitcoin, the drama queen of the crypto world, led the charge with $215 million in outflows. Meanwhile, short-bitcoin products were like, “Hey, we’re here for a good time, not a long time,” and snagged $5.5 million in inflows. Go off, kings.

Ethereum was like, “Hold my beer,” and posted $36.5 million in outflows. Multi-asset products lost $32.5 million, and Tron was like, “Me too, me too!” with $18.9 million. It’s a regular crypto pity party.

But fear not! Some altcoins got a little love. XRP, Solana, and Chainlink were like, “We’ll take it,” with minor inflows of $3.5 million, $3.3 million, and $1.2 million, respectively. Baby steps, right?

Regionally, the US was the biggest party pooper with $347 million in outflows. Meanwhile, Europe and Canada were like, “We’ll take your trash,” with $59 million in inflows. Switzerland, Canada, and Germany were the cool kids, leading the charge with $19.5 million, $16.8 million, and $16.2 million, respectively.

And trading volumes? Oh, they fell harder than my New Year’s resolutions, dropping to $17 billion-the lowest since July last year. Ouch.

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2026-02-23 17:01