In a recent communiqué from the digital oracle CoinShares, we learn that the grand ballet of institutional investors has, with tragicomic grace, liquidated a sum equivalent to 173 million dollars in Bitcoin and crypto investment products over seven days. One might almost applaud the precision, were it not for the sour notes of BTC’s descent from the lofty $95,400 to the modest $62,800-a price drop so dramatic it could rival the plot of a Dostoevsky novel, if Dostoevsky had ever cared for blockchain.
Over the past lunar cycle (a month, for those uninitiated in celestial finance), these institutions have collectively shed $3.74 billion, a figure so staggering it makes one wonder if they’ve mistaken their wallets for a black hole. Bitcoin, once the belle of the crypto ball, now limps along with $133 million in outflows, while Ethereum, ever the loyal sidekick, trails with $85.1 million of its own.
Yet, not all is gloom. Altcoins, those mischievous tricksters, defiantly danced to their own tune: XRP, with a flourish, lured $33.4 million; Solana, in a more demure display, attracted $31 million; and Chainlink, perhaps nursing a hangover from prior glory, managed a paltry $1.1 million. A subplot worthy of a Nabokovian farce.
Geographically, the United States led the exodus with $403 million in outflows, a performance so leaden it could only be counterbalanced by the valiant efforts of Germany ($115 million), Canada ($46.3 million), and Switzerland ($36.8 million), who threw their financial weight into the fray like contestants on a Swiss-themed game show.
Meanwhile, the grand ballroom of exchange-traded products witnessed its dance floor shrink from $63 billion to a mere $27 billion. One might say the crowd thinned, or perhaps the champagne ran out.
Amidst this chaos, a glimmer of hope-though perhaps more of a flickering candle in a storm-emerges: short-Bitcoin products bled $15.4 million over two weeks, a harbinger, according to CoinShares, of market bottoms. A signal so faint, one might mistake it for the last gasp of a dying candle, were it not for the bulls, who cling to it like moths to flame.
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2026-02-18 13:32