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Major investors’ transactions from last week revealed: they sold Bitcoin (BTC) and Ethereum (ETH) and bought these four altcoins
The leading cryptocurrency, Bitcoin ($BTC), is facing both Middle East-related risks and the problem of overly crowded long positions on the first trading day of June.
This pushed the price below $73,000, and CoinShares published its weekly cryptocurrency report, stating that outflows last week amounted to $1.67 billion.
“Crypto investment products saw outflows of $1.67 billion. This was the third consecutive week of negative flows and the second-largest weekly outflow of 2026 after January 23.”
The largest outflow was again seen in Bitcoin
Looking at cryptocurrency funds individually, it is clear that outflows were concentrated in Bitcoin. $BTC saw outflows of $1.43 billion, while the largest altcoin, Ethereum (ETH), recorded outflows of $257.3 million.
Among other altcoins, the picture was mixed. In particular, $XRP saw inflows of $20.3 million, Hyperliquid ($HYPE) attracted $10.8 million, Near ($NEAR) saw $7.6 million, and Chainlink ($LINK) attracted $0.7 million. Meanwhile, Solana ($SOL) saw outflows of $0.8 million, and Sui ($SUI) recorded outflows of $1.4 million.
“Bitcoin saw outflows of $1.438 billion. This was the largest weekly Bitcoin outflow in 2026, surpassing both last week’s record and the peak reached in January.”
Ethereum outflows amounted to $257 million, while inflows into altcoins dropped sharply.
Last week, significant inflows exceeding $1 million were recorded in nine assets, whereas this week inflows above $1 million were seen in only five assets.
According to the data, the only notable inflows were $XRP with $20.3 million, Hyperliquid with $10.8 million, and Near with $7.6 million.
Looking at regional inflows and outflows, the United States ranked first with outflows of $1.63 billion.
After the United States, Germany ranked second with outflows of $25.7 million, while Sweden came third with outflows of $6.6 million.
