Crypto Outflows Continue as Weekly Trading Volume Hits Historical Lows

Last week was the fifth consecutive week of crypto outflows.

Man in suit looking at a huge deflating crypto coin in the clouds.
Created by Gabor Kovacs from DailyCoin
  • BTC saw the most outflows.
  • Altcoins also saw outflows, though smaller than BTC.
  • Weekly trading volume is as low as it was in 2019.

The current bear market is one of the roughest ones in the history of crypto. Multiple companies have gone bust, and asset prices continue to be suppressed.

On top of that, weekly volume trading is becoming non-existent amid ongoing crypto outflows.

Crypto Outflows Continue

Digital asset prices are still much higher than before the pandemic hit. However, the crypto market continues to see outflows.


According to data from CoinShares, digital asset investment products saw outflows totaling $32 million this past week. The last week was the fifth consecutive week of outflows. In total, $232 million have left the crypto market in the previous five weeks.

Bitcoin (BTC) saw most of the outflows ($33 million), while Ethereum (ETH) saw $1 million leaving. CoinShares also pointed out that short-BTC also saw outflows of $1.3 million last week and said it couldn’t explain the negative sentiment across the board.

“It is unclear why there is such coordinated negative sentiment for both long and short investment products.”

Meanwhile, weekly trading volume has also hit historic lows.

Weekly Trading Volume Hits Historical Lows

It seems like traders and investors aren’t that particularly interested in BTC, ETH, or any other digital asset.


According to data from Santiment, BTC and ETH combined volume, last week was the lowest since at least September 2019. Needless to say, the volume of all of the rest of cryptocurrencies has also dried up.

ETH is currently trading at $1,853, according to data from CoinGecko. BTC is trading at $27,285.

On the Flipside

  • Digital asset prices stay elevated compared to before the pandemic hit.

Why This Matters

Knowing crypto outflows/inflows and weekly trading volume can benefit crypto investors and traders alike.

Read more about rising ETH deposits on Lido:

Lido Hits New All-Time High in ETH Deposits as stETH Withdrawals Flatten

Read more about why Hotbit has abruptly shut down:

Hotbit Abruptly Shuts Down: ‘CEXs Becoming Increasingly Cumbersome’

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Arturas Skur

Arturas Skur is a cryptocurrency news reporter at DailyCoin who covers Web 3.0 domains, DeFi, and Ethereum Layer-2s. With over five years of experience in journalism and public relations, Arturas brings his critical thinking and analytical abilities to deliver insightful news stories. In his free time, he enjoys hiking, playing with his dog, and reading.