Glassnode: Institutional selling pressure continues to grow, increasing market aversion to risk
Glassnode reported via the "X" platform that with the market's recent underperformance, selling pressure on exchange-traded funds (ETFs) for cryptocurrencies in the United States has increased. Bitcoin ETFs recorded outflows of 42,000 Bitcoin (BTC), while Ethereum ETFs experienced outflows of 111,000 Ethereum (ETH), reinforcing the overall sentiment of risk aversion in the market as a whole.
