Crypto Fund Dem Withdraw Hit $223M After Fed Wes FOMC Meeting
Global crypto fund dey comot $223 million last week, e stop 15 weeks wey money been dey enter as investors react to sharp talk wey US Federal Open Market Committee (FOMC) talk. Even though money come enter reach $883 million for early week, Fed Chair Jerome Powell talk and strong US economic data make people begin collect profit, so e make crypto fund begin comot money for second half of the week. Bitcoin ETPs comot net $404 million, but Ether ETPs still get $133 million enter for their 15th straight week wey money still dey enter. Other altcoins them gather fresh money, with XRP, Solana and Sui products get $31.2 million, $8.8 million, and $5.8 million respectively. Market people talk say crypto fund comot fit be temporary, as wetin fit happen like US Congress wey go run again after Labor Day fit support both Bitcoin and altcoins for the coming months.
Neutral
Even tho di $223 million crypto fund wey dem withdraw show say short-term setback dey clear and e reflect profit-taking after di Fed talk strong for FOMC, di bigger picture still balanced. Bitcoin $404 million wey comot bin balance with Ether wey get inflow for 15 weeks and still dey bring capital enter XRP, Solana and Sui. Historical pattern show say these kind wahala dey usually come before fresh accumulation phase, especially when political or fiscal events like Congress gather again. Overall, mixed fund flows and institutions wey still get interest mean say market direction go stay neutral for short and long term.