Bitcoin funds lose $19.4 million as investors exit long positions!

BTC struggles to stay above $30,000 — a psychological resistance level — due to broader market risks. That includes regulatory uncertainty around Binance — the world's largest crypto exchange by volume — and a recent Defi exploit costing $47 million.

The ongoing bias conflict in the Bitcoin market has coincided with depleting institutional interest. According to CoinShares' weekly report, investors withdrew about $19.4 million from Bitcoin-based investment funds in the week ending July 28.

Net flow into crypto funds by asset. Source: CoinShares

93% of the outflows were from long-Bitcoin investment products, while short-Bitcoin saw its 14th consecutive week of outflows totaling $3.1 million.

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