Crypto outflows are sentiment shock, not structural crisis: CoinShares’ Butterfill
CoinShares’ James Butterfill said recent crypto outflows reflect a macro-driven sentiment shock, while other analysts warned Bitcoin’s rebound may remain fragile.
Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares.
In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset investment products in recent weeks.
“This is a pure sentiment shock rather than a structural break,” Butterfill said.