CoinShares最新数字资产周报显示, global crypto funds last week recorded approximately $454 million in net outflows, nearly offsetting the $1.5 billion inflow accumulated over two trading days at the beginning of the year. The core background of the change in sentiment lies in the market’s noticeably weakened expectation of a Fed rate cut in March. From a macro perspective, recently released US economic data reinforced the judgment to "maintain interest rates unchanged." According to interest rate pricing tools, the probability of a rate cut in March has fallen to single digits. CoinShares指出, it is this change in expectation that prompted some institutions to quickly adjust risk exposure, triggering continuous fund withdrawals over multiple days.