On July 12, Coinglass data revealed significant movements in the crypto spot fund flows. XRP led the net inflows with a substantial $41.09 million, followed by TRX at $25.16 million, indicating increased investor confidence in these altcoins. BCH, LUSD, and BNB also recorded positive inflows, with $7.37 million, $5.76 million, and $4.75 million respectively, reflecting a diversified interest across different crypto assets.
Conversely, major cryptocurrencies experienced notable outflows. Ethereum (ETH) saw a pronounced net withdrawal of $253 million, while Bitcoin (BTC) followed closely with $223 million exiting the spot market. Stablecoin USDT faced a $162 million outflow, signaling potential shifts in liquidity preferences. Additionally, SOL and Pepe tokens recorded net outflows of $63.26 million and $43.35 million respectively, underscoring a cautious market sentiment among traders.