Crypto Market Holds $3.35T Despite $1.84B Weekly ETF Outflows

The cryptocurrency market maintained a $3.35 trillion capitalization on November 15, despite high fear levels and significant institutional outflows.

  • The Fear and Greed Index dropped to 10, its lowest in years, indicating extreme fear.
  • US Bitcoin spot ETFs experienced net outflows of $1.112 billion from November 10-14, peaking at $866.7 million on November 13.
  • Altcoin profits diverged from Bitcoin, with only ~5% of altcoin supply in profit compared to Bitcoin's declining profitability.
  • Privacy-focused cryptocurrencies like Zcash [ZEC], Litecoin [LTC], and Monero [XMR] posted gains of 15.9%, 13.7%, and 11.5% respectively.

Institutional activity showed mixed results:

  • Ethereum [ETH] spot ETFs saw $728.3 million in net outflows during the same period.
  • Solana [SOL] spot ETFs recorded $46.4 million in net inflows, showing resilience.

Despite negative sentiment indicators, the market posted a 1.3% gain over 24 hours. Bitcoin dominance remained steady at 57.2%.