According to @KobeissiLetter, investors sold $10.0 billion of US equities last week, marking the 6th weekly sale in the last 8 (source: @KobeissiLetter, Nov 6, 2025). US single stocks saw near-record outflows of $10.9 billion, driven by tech posting its largest outflow as a share of sector market cap since July 2023 (source: @KobeissiLetter). Institutional investors led with $7.6 billion in net selling, the 2nd-largest outflow on record and the biggest since September 2015, while retail bought $800 million, their 4th consecutive weekly purchase (source: @KobeissiLetter). For traders, broad institutional de-risking from high-beta tech can pressure correlated risk assets; the IMF has documented that crypto and US equities have become more synchronized since 2020, increasing spillover risk to BTC and ETH during risk-off episodes (source: IMF, Crypto Prices Move More in Sync With Stocks, Jan 2022).

According to @KobeissiLetter, US equity investors sold $3.0 billion last week, marking the 4th consecutive weekly sale (source: @KobeissiLetter, X, Oct 16, 2025). Hedge funds dumped $2.1 billion, their 4th straight weekly outflow, taking the 4-week average to -$2.1 billion, the largest on record since 2008 (source: @KobeissiLetter, X, Oct 16, 2025). Institutional investors sold $400 million, down from $3.6 billion the prior week (source: @KobeissiLetter, X, Oct 16, 2025). Retail investors saw $500 million in outflows, bringing the 4-week average to -$400 million (source: @KobeissiLetter, X, Oct 16, 2025). The source characterizes this as hedge funds cashing in gains and provides no crypto-specific data or BTC/ETH flow details (source: @KobeissiLetter, X, Oct 16, 2025).