📣 Crypto Update! 📣

Digital assets saw a 2nd week of outflows, shedding $1.2B. Investors are feeling the chill, possibly due to potential Fed interest rate cuts. But it's not all doom and gloom! 🌈

- Bitcoin took the biggest hit with $630M outflows. However, short positions didn't spike, suggesting a true correction is underway.

- Ethereum also faced the music with $58M outflows.

But here's the silver lining: Some altcoins are actually benefiting from the market dip. 📈

- Solana, Litecoin, and Polygon saw inflows of $2.7M, $1.3M, and $1M respectively.

- XRP and Chainlink also experienced minor inflows.

Investors are seeing this as a chance to buy low and diversify their crypto holdings.

Trading activity in crypto ETPs hit a low, with the US leading the outflows. But outliers Switzerland and Brazil recorded inflows of $39M and $48.5M.

What's your take on this? Are you buying the dip or holding off? Let's chat in the comments! 💬 #CryptoNews #DeFi #Web3