Hawkish Fed Rhetoric Drives $102M in Crypto Product Outflows - BitcoinEthereumNews.com
cryptoAng Hawkish Fed Rhetoric ay Nagtutulak ng $102M sa Crypto Product Outflows06 / 13 / 2022Balita ng Ethereum ng Bitcoin Hawkish rhetoric from the US Federal Reserve led to consistent daily outflows last week, amounting to $102 million. Ang crypto winter experienced over the past six months by Bitcoin and the larger cryptocurrency markets can largely be attributed to the hawkish monetary policy of the Fed, according to the latest CoinShares ulat. Last weeks outflows predominantly occurred in the Americas, with $98 million in outflows, while in Europe they amounted to a mere $2 million. Over the past day, over 180,000 crypto traders saw their positions liquidated to the tune of $500 million. Some $210.8 million of those liquidations were Bitcoin, with another $157.6 million for Ethereum. The other big losers were Flamingo with $13 million liquidated, and Solana na may $ 12.7 milyon. Mga coinflow Bitcoin-based investment products saw most of the outflows last week, totaling $57 million. This brings month-to-date outflows to $91 million, while year-to-date inflows remain at a robust $450 million. In addition to Bitcoin-based outflows, short-bitcoin investment products also saw minor outflows of $200,000. However total assets under management (AuM) remain much lower at $55 million, while long bitcoin investment