Every time the data is bullish but falls sharply, the reasons may be as follows:

1️⃣: Since last week, Bitcoin ETFs have shown net outflows. Farside Investors data shows that as of June 15, the U.S. Bitcoin spot ETF has experienced a cumulative net outflow of US$580.6 million, leading to pessimistic market sentiment. Wall Street says that copycats are garbage.

2️⃣: The market is unpredictable this year, memes disrupt market sentiment, the market alternates between bulls and bears, and news dominates the market. But Bitcoin ETF outflows are still the main reason for this decline.

3️⃣: South Korean financial authorities may delist about 600 altcoins this year. The move is in response to the upcoming Virtual Asset User Protection Act, which will take effect on July 19.

4️⃣: Affected by the general environment, policy, news, and emotions. This is the moment when the crypto market is in a downturn! The sentiment aspect is negative, and the impact of policy is bound to accelerate the decline. The influence of policy cannot be underestimated. The global market is affected by the policies of the United States#BTC走势分析 #币安用户数突破2亿 #美联储何时降息？