Cryptocurrency market sees Bitcoin outflows amid Ethereum and USDT inflows

The cryptocurrency market experienced divergent fund flows over a 24-hour period ending October 23. Bitcoin (BTC) recorded net outflows, with one report citing a net loss of approximately $43.60 million and another indicating a larger net outflow of roughly $229 million.

In contrast, Ethereum (ETH) and Tether (USDT) both saw net inflows. Ethereum led the net inflow rankings, while USDT also attracted significant capital. Other assets showing net outflows included SUI, ZEC, HYPE, and USDC.

Specific net inflow leaders included ETH, USDT, SOXLB, SNDKB, and XUSD, while the largest net outflows were attributed to BTC, AI, SUI, ZEC, and RLUSD.