As the US stock market and Taiwan stock index continue to hit new highs, the so-called “election market” seems to have overlooked the cryptocurrency market. The only current “large external capital” Bitcoin spot ETF saw a net outflow of over 100 million US dollars for six consecutive days last week. BTC fell to the level of 62K, while ETH dropped to 3400, and the top ten market value cryptocurrencies showed a slight decline. In the past 30 days, SOL experienced the largest decline of 25%, BTC dropped by 7%, and ETH dropped by 8%. BNB, which recently hit a new high, fell by nearly 5%, while only TON, with relatively centralized chips, maintained an increase of nearly 18%.
Billions of Dollars Fleeing Daily BTC at 62K Meme Coins Plummet Cryptocurrency Enters Bear Market