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 markets at an unprecedented rate, with crypto funds experiencing a record outflow of $2.6 billion in the week ending Wednesday. This outflow surpasses the previous record by approximately $500 million, set at the end of last year. Notably, Bitcoin ETFs contributed significantly to this trend, recording a one-day outflow peak on Tuesday.

According to Lookonchain, there has been a net outflow of 1,393 BTC (worth $131.8 million) from 10 Bitcoin ETFs, with the Grayscale Bitcoin Mini Trust experiencing a notable outflow of 621 BTC, valued at $112.26 million, while currently holding 41,545 BTC worth approximately $3.93 billion. Additionally, 9 Ethereum ETFs saw a net outflow of 7,616 ETH (worth $20.22 million), with the Grayscale Ethereum Trust recording an outflow of 3,849 ETH, valued at $10.22 million. These outflows are critical for traders to monitor as they may indicate investor sentiment and potential price implications in the cryptocurrency market.