Detailed information about factors affecting market fluctuations on June 24, 2024:

1. Withdraw money from Bitcoin ETF:

- During the week ending June 17, 2024, Bitcoin ETFs saw withdrawals totaling approximately $145.90 million. The total value of these funds decreased to 14.956 billion USD from the previous level of 15.10 billion USD.

2. Withdraw money from stablecoins:

- Stablecoin withdrawals from exchanges increased significantly, indicating continued price decline in the future. Specifically, the number of stablecoins withdrawn from the exchange has increased to the highest level since June 2022.

3. Liquidate long position:

- Within the past 24 hours, about 550 million USD worth of long positions were liquidated, creating strong selling pressure and pulling the market down. This has led to a sell-off at a loss.

These factors combined have caused sharp volatility and significant declines in the cryptocurrency market. Investors should closely monitor economic and legal fluctuations to manage risks effectively.

DYOR

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