Oh, the humanity! Crypto funds took a nosedive for the second week in a row, losing a cool $1.17 billion. 🤑💨 That’s right, folks, the U.S. led the charge, waving goodbye to $1.22 billion like it was a bad date. 👋
But hey, don’t worry, other regions tried to pick up the slack with some mild inflows. It’s like watching a comedy show where the punchline is “financial ruin.” 🤡💸
- Crypto funds said “sayonara” to $1.17 billion, thanks to Uncle Sam’s panic button. 🇺🇸🚨
- Bitcoin and Ethereum got hit like they owed the mob: $932 million and $438 million gone, respectively. Meanwhile, short Bitcoin ETPs were like, “Hey, free money!” and grabbed $11.8 million. 🎲💰
- Altcoins were like, “Hold my beer,” as Solana sipped up $118 million, while HBAR and Hyperliquid high-fived with $26.8 million and $4.2 million. 🍻✨
On Nov. 10, CoinShares’ James Butterfill (aka the Crypto Oracle) spilled the tea: Bitcoin and Ethereum were the main victims, with $932 million and $438 million fleeing faster than a Brooks film fan from a drama. 🏃💨
Political uncertainty? More like a circus act! 🎪 A brief rebound on U.S. shutdown hopes? Poof! Gone by Friday. Because nothing says “stability” like a government shutdown. 🤡🤦♂️
“ETP Trading volumes were through the roof at $43 billion! But optimism? Short-lived. Friday’s outflows were like a pie in the face. 🥧😱” – Butterfill, probably while wearing a Groucho Marx disguise.
Shorts Party 🎉, Altcoins Flex 💪
While Bitcoin longs were crying into their keyboards, short Bitcoin ETPs were popping champagne, raking in $11.8 million. 🍾🤑 Butterfill says it’s the biggest bearish bet since May. Someone’s got a crystal ball… or just a really good guess. 🔮
Altcoins, meanwhile, were like, “We don’t do sell-offs.” Solana kept its hot streak alive, grabbing $118 million last week. Nine-week total? $2.1 billion. That’s not a run, that’s a marathon! 🏃♂️💨
Hedera (HBAR) and Hyperliquid (HYPE) also joined the party, with $26.8 million and $4.2 million, respectively. Altcoins: the rebels of the crypto world. 🤘✨
Europeans? They’re sipping tea and buying the dip. 🇩🇪🇨🇭 Germany and Switzerland brought in $41.3 million and $49.7 million, respectively. Meanwhile, the U.S. is over here like, “What’s a dip?” 🍵🤷♂️
Last week’s $360 million outflow? Cute. This week’s $1.17 billion? Yikes. Redemptions are deeper than a Brooks plot twist. 🕳️😬
U.S. sellers vs. European buyers? It’s like a rom-com where one’s risk-averse and the other’s a gambler. 🎭🎰 One’s panicking, the other’s plotting. Who’ll win? Stay tuned for the sequel: Crypto Crash 2: The Dip Strikes Back. 🎬🍿
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2025-11-10 17:56