📢Hey there, BTC enthusiasts! 🚀 A recent FOMC meeting, more hawkish than expected, has caused investors to reduce their exposure to fixed-supply assets. This resulted in a whopping $600 million outflow from digital asset investment products. 😱

This is the largest outflow since March 22, 2024. The bearish sentiment is further fueled by recent price declines, with total assets under management (AuM) dropping from over $100 billion to $94 billion this week. 📉

Interestingly, the outflows were all about Bitcoin, with the cryptocurrency seeing $621 million in withdrawals. 📤 The bearish sentiment also triggered $1.8 million inflows into short-bitcoin investment products, indicating investors are betting against the asset's price rise. 🎲

On the flip side, Ethereum-based investment products saw inflows of $13.1 million over the past week. Altcoins like LIDO and XRP also saw inflows of $2 million and $1.1 million, respectively. Even Litecoin and Chainlink attracted $0.8 million each. 💰

Despite the positive sentiment around altcoin-based investment products, trading volume was low at $11 billion for the week, compared to the $22 billion weekly average this year. However, this figure is still higher than the $2 billion a week observed last year. 📊

In terms of regional distribution, the US saw the largest outflows for the week, recording $165 million. This negative sentiment extended to Switzerland, Canada, Sweden, and Hong Kong. However, Germany, Australia, and Brazil bucked the trend with inflows. 🌎

Stay tuned for more updates! 🚀🌕