📍Crypto funds witnessed outflows after 15 consecutive weeks of inflows: The wave of take profit + hawkish Fed has caused BTC to plummet.

📌 After 15 weeks of relentless inflow, last week saw $223M withdrawn from crypto investment funds, despite the fact that there was still over $880M in inflow at the beginning of the week.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 the dismal economic data from the U.S.

📌 $BTC experienced the strongest net outflow with a cash outflow of -$404M, indicating a sensitivity to interest rate expectations. Ethereum continues to perform well with an inflow of +$133M, bringing the inflow streak to 15 consecutive weeks.

📌 The take profit effect is easy to understand, especially in the last 30 days, the total inflow into funds has exceeded $12B - accounting for nearly half of the inflow for the whole year. The market needs a correction rhythm before entering into new variables for August.

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