📉 Bitcoin (BTC) investment products saw a whopping $630 million outflow last week, making it a total of $1.1 billion in 14 days, says CoinShares. The culprit? Institutions and long-term investors cutting back on spot Bitcoin ETFs, thanks to the Fed's reluctance to cut interest rates. 🎢

Crypto funds now manage a cool $92.2 billion in assets, despite weekly trading volumes hitting a low of $13.6 billion.

Meanwhile, BTC continues its downward trend, dropping 6.5% over the last week. The last time BTC traded around this level was over six weeks ago. 😱

What's your take on this? Is it a temporary dip or a long-term trend? Let's chat in the comments! 👇 #Bitcoin #CryptoNews