{"id":16608,"date":"2024-09-02T14:46:28","date_gmt":"2024-09-02T11:46:28","guid":{"rendered":"https:\/\/forklog.com\/en\/robust-economic-data-triggers-outflow-from-crypto-funds\/"},"modified":"2024-09-02T14:46:28","modified_gmt":"2024-09-02T11:46:28","slug":"robust-economic-data-triggers-outflow-from-crypto-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robust-economic-data-triggers-outflow-from-crypto-funds\/","title":{"rendered":"Robust Economic Data Triggers Outflow from Crypto Funds"},"content":{"rendered":"<p>From August 25 to 31, cryptocurrency investment funds experienced an outflow of $305 million, following an inflow of $543 million the previous week, according to <a href=\"https:\/\/blog.coinshares.com\/volume-198-digital-asset-fund-flows-weekly-report-103ff715bd07\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1187.webp\" alt=\"1-1187\" class=\"wp-image-240214\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts attributed the reversal in dynamics to macroeconomic data from the US, which reduced the likelihood of a 50 basis point rate cut by the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span>.<\/p>\n<p>Experts emphasized that cryptocurrencies will remain sensitive to developments surrounding upcoming changes in monetary policy.<\/p>\n<p>Negative sentiment was concentrated in digital gold. Clients withdrew $319 million from bitcoin-related products after inflows of $543 million the previous week.<\/p>\n<p>Investors added $4.4 million to structures allowing short positions on digital gold, following $1.7 million in the previous reporting period.<\/p>\n<p>Ethereum fund outflows amounted to $5.7 million (compared to $35.7 million the previous week).<\/p>\n<p>Solana-based products received $7.6 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-880.webp\" alt=\"2-880\" class=\"wp-image-240215\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, the number of bitcoin wallets holding at least 100 BTC rose to a 17-month high (16,120). Vivek Sen, founder of Bitgrow Lab, noted that historically significant whale purchases often preceded new <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span>.<\/p>\n<p>On August 29, the aggregate balance of the first cryptocurrency on centralized platforms fell to a new annual low, according to CryptoQuant. Specialists also <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-retreats-to-59000-amid-etf-inflow-weakness\">observed<\/a> an increase in the flow of coins to US-based platforms, which &#8220;historically correlates with price increases.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From August 25 to 31, cryptocurrency investment funds experienced an outflow of $305 million, following an inflow of $543 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the reversal in dynamics to macroeconomic data from the US, which reduced the likelihood of a 50 basis point rate cut by the Fed. Experts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,1249,1145],"class_list":["post-16608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-federal-reserve-system","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16608"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16607"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}