Analysts: In the context of increasing macroeconomic uncertainty, institutional investors are tightening their risk exposure

According to The Block, the U.S. spot Bitcoin ETF saw a net outflow of $708.7 million yesterday, marking the largest single-day outflow in nearly two months, while the Ethereum ETF experienced a net outflow of $286.9 million. In the context of increasing macroeconomic uncertainty, institutional investors are further reducing their risk exposure.

BTC Markets crypto analyst Rachael Lucas stated that Wednesday's outflows resemble typical "de-risking" behavior. She noted that when the macro environment turns unfavorable, such as rising interest rates, escalating geopolitical risks, or sudden increases in market volatility, institutional investors tend to withdraw funds from high-beta assets first.

This is not a signal of structural weakness, but rather a tightening of risk exposure by institutions before uncertainty arises, and it does not imply a abandonment of the cryptocurrency asset class.