While the US stock and Taiwan stock indexes are frequently breaking new highs, the so-called “election market” seems to have no favor for the cryptocurrency market. The only “external large-scale fund” Bitcoin spot ETF has seen a continuous outflow of over 100 million US dollars for six consecutive days last week. BTC fell to the 62K level, ETH to 3400, and the top ten market value cryptocurrencies showed a slight decline. Within 30 days, SOL had the largest decline of 25%, BTC was 7%, and ETH was 8%. BNB, which recently hit a new high, fell nearly 5%, with only TON, which has relatively centralized chips, maintaining a state of nearly 18% increase.
Massive Outflow of Billions of Dollars Continues BTC at 62K Meme Coins Plummet Cryptocurrency Market Enters General Downtrend