🚨 BREAKING: Crypto Funds See $600M in Outflows Last Week 🚨
Crypto funds experienced ~$600 million in outflows, the 2nd largest on record, only surpassed by 2022 levels during the severe bear market.
🔶 In recent weeks, crypto funds have regularly seen outflows, a sharp contrast to Q1 when weekly inflows were as high as $3.3 billion.
🔶 Despite expectations of a Fed rate cut this month, risk appetite in crypto appears to have vanished.
🔶 #Bitcoin is down ~15% in the last two weeks and trading ~25% below its all-time high.
Are #crypto markets entering a bear market?
