Last week's digital asset market saw a notable shift as investors pulled back from exposure. Net outflows reached US$454 million across the sector—a move largely triggered by cooling expectations around a March Fed rate cut.

Bitcoin bore the brunt, experiencing US$405 million in outflows. Ethereum followed with US$116 million withdrawn from investment products. The mood was decidedly cautious. Yet not all altcoins moved in lockstep: Solana showed relative resilience against the broader pullback.

The narrative here is straightforward—rate cut bets are evaporating. When markets no longer price in near-term monetary easing, risk assets typically face headwinds. For Bitcoin and Ethereum, which had been buoyed by the prospect of looser monetary conditions, this shift in expectations proved immediate and material.