According to The Kobeissi Letter, the last week of February marked a record outflow in crypto funds, totaling $2.6 billion. This outflow surpasses the previous record by approximately $500 million, indicating a substantial withdrawal from the crypto market, which could signal a retail bull trap.

According to The Kobeissi Letter, investors are withdrawing from cryptocurrency funds at an unprecedented rate, with a record outflow of $2.6 billion in the week ending Wednesday. This surpasses the previous record by approximately $500 million, which was set at the end of the previous year. Notably, on Tuesday, Bitcoin ETFs experienced a record one-day outflow, indicating significant market shifts. Source: The Kobeissi Letter.

According to Farside Investors, there has been a record outflow in non-GBTC Bitcoin ETFs, indicating potential shifts in investor sentiment or strategy. This trend could have significant implications for Bitcoin's market dynamics, as ETF inflows and outflows often reflect broader market trends and investor confidence. Traders should monitor these outflows closely to assess potential impacts on Bitcoin's price and market stability.