Hi HODLers and Hiveans,
Sometimes, you have to call a cat, a cat!
We have had 5 weeks in a row of outflows!
Outflows for crypto funds totaled $32 million between May 15 and May 19, marking the fifth week of outflows in a row.
I understand that these are outflows from Digital Asset Investment Prodcuts but this is still a sign that the CryptoSpace is less interesting to institutional investors.
Fear & Greed Crypto Indicator
Interestingly, the Fear&Greed Indicator for the CryptoSpace was in Greed. It definitely is not my personal sentiment so this is a good reminder that I might take this consolidation maybe a bit too seriously.
Sentiment in the CryptoWorld has been quite negative over the past months. Price wise, we managed to consolidate in good order but when looking at other asset classes such as the Tech sector; they've had a much better 2023!
According to Augmento.ai; social sentiment about Bitcoin has been trending up for the past 2 months an is gaining strenght. Maybe a positive price pump is incoming? Who knows!
Stay safe out there!
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