Glassnode: Bitcoin Net Capital Outflow Narrows to -$4.1B in July
Glassnode reports Bitcoin net capital outflow narrowed from -$17.3B to -$4.1B through July, with Ethereum improving from -$6.1B to near neutral.
Glassnode states Bitcoin net capital outflow narrowed from -$17.3B to -$4.1B through July.
Glassnode states Ethereum net capital outflow improved from -$6.1B to near neutral through July.
Glassnode interprets the data as the acute phase of institutional de-risking having passed.
No breakdown of the data by investor cohort or exchange flows is provided.
No methodology or confidence interval for the net capital outflow figures is stated.