Bitcoin and Ethereum ETFs experienced significant outflows totaling $581 million as market sentiment turned to extreme fear. This shift coincides with a notable movement of whale investors towards Minotaurus (MTAUR), a memecoin associated with Web3 gaming. The increased interest in MTAUR is attributed to its low entry price and pre-launch incentives, appealing to risk-on investors. Amid this market turbulence, Bitcoin's price fell below $90,000, while Ethereum dropped under $3,000, reflecting heavy selling pressure. On-chain data indicates a growing capital rotation into Minotaurus, highlighting a strategic shift by large investors seeking new opportunities in the crypto space.
Bitcoin and Ethereum ETFs Face $581M Outflows Amid Whale Shift to Minotaurus
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