According to Odaily Planet Daily, crypto KOL Phyrex stated in an article on the X platform that gold funds experienced a net outflow of over $7.5 billion in the past week, marking the largest single-week net outflow on record. This contrasts sharply with the previous four months, when gold funds saw a cumulative net inflow of $59 billion. He believes that the outflow from gold funds may indicate a weakening of risk aversion among some investors and an increase in risk appetite, potentially leading to these funds flowing into riskier markets.