Crypto Fund Don Comot $1.94B; XRP ETPs Pull Im $89M
Crypto fund dem still dey heavy as digital asset ETPs see $1.94B comot last week, make the decline for four weeks reach $4.9B—na the third biggest ever. Bitcoin ETPs lose $1.27B, Ethereum lose $589M, while Solana ETPs see $156M withdraw. Even though crypto fund still dey flow out, $258M come back for the last days, show say some people dey buy small. One thing be say XRP ETPs get $89.3M before proposed spot ETF launch, and Nansen data show say leveraged XRP longs rise by $10.4M to net $74M, even traders hold $325M for Bitcoin shorts. Crypto traders suppose dey watch as fund flow dey change for better trading chance and possible market recovery.
Bearish
Di report sey $1.94B dey flow commot from crypto funds plus four weeks wey dem don dey withdraw $4.9B dey show sey big big assets like BTC, ETH and SOL still dey experience selling pressure weh dey hold down short term price movement. Even though XRP dey get some inflow and late week buyback indicate say demand still dey small, the main gist still be sey investors dey cautious, mean say market get bear bias. For long term, if ETF incidents continue, e fit bring back confidence but now, the net money wey dem dey withdraw mean say e get risk say price fit go down.