Digital asset investment products recorded massive outflows of $1.67 billion last week, the third consecutive negative week and the second largest weekly outflow of 2026, according to CoinShares. Bitcoin (BTC) led the exodus with $1.43 billion in outflows, while Ethereum (ETH) saw $257.3 million exit. The U.S. accounted for the majority of selling, with $1.63 billion in outflows, followed by Germany ($25.7 million) and Sweden ($6.6 million).
In contrast, a handful of altcoins attracted fresh capital. XRP saw $20.3 million in inflows, Hyperliquid (HYPE) pulled in $10.8 million, Near (NEAR) gained $7.6 million, and Chainlink (LINK) added $0.7 million. Meanwhile, Solana (SOL) and Sui (SUI) experienced minor outflows of $0.8 million and $1.4 million, respectively.
Adding to the bearish sentiment, on-chain data from Lookonchain revealed that a whale transferred 5,000 ETH (worth roughly $9.8 million at the time) to the Kraken exchange on March 18, 2025. The whale had bought the tokens two months earlier at an average price of $1,999 per ETH, and with Ether trading near $1,960, the deposit indicates a potential stop-loss sale to limit a $200,000 loss. This move signals that even large holders are exercising risk management as Ethereum struggles below the $2,000 mark.
