📍Crypto fund experiences outflow after 15 consecutive weeks of inflow: The wave of profit-taking + hawkish Fed has caused BTC to plunge

📌 After 15 weeks of relentless inflow, last week saw $223M withdrawn from crypto investment funds, despite over $880M inflow at the beginning of the week. The sudden reversal of cash flow occurred as the market reacted to the Fed's tough stance and extremely poor U.S. economic data.

📌 $BTC saw the largest net outflow with -$404M, indicating a sensitivity to interest rate expectations. Ethereum still performed well with an inflow of +$133M, extending its inflow streak to 15 consecutive weeks.

📌 The profit-taking effect is understandable as in the past 30 days, total inflow into funds has exceeded $12B - accounting for nearly half of the annual inflow. The market needs a correction before entering new variables in August.

📌 It is noteworthy that August is usually the worst month for $BTC (median -7.5%). However, if the U.S. fiscal scenario improves after Labor Day, optimistic sentiment will soon return due to expectations of interest rate cuts in September.