Digital asset funds recorded weekly outflows of $454 million, extending a four-day liquidation that totaled nearly $1.3 billion. This wave nearly erased the $1.5 billion in inflows seen at the beginning of the year, largely driven by fading expectations of a Fed rate cut in March. For $BTC it appears less like panic and more like a pause, a moment where conviction is being tested, not broken. #MacroInsights

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