MICA Daily｜Market uncertainty increases, Bitcoin ETF continues to experience outflows

Bitcoin spot ETF experienced continuous inflows for two weeks, finally starting to see outflows last Thursday, and the trend expanded on Friday. The price of Bitcoin also fell sharply, dropping below $104,000 in the early hours of Saturday. Additionally, Trump’s tariff policy has introduced new variables, causing market sentiment to decline again, and the overall coin market has seen a significant adjustment in depth.

On the contrary, Ethereum has shown relatively strong performance during this downturn. The Ethereum spot ETF was still seeing positive inflows until last Friday. Analysts estimate that the market is circulating rumors that the SEC will approve the Ethereum ETF staking application in June. As a result, Ethereum’s performance suddenly improved compared to Bitcoin in late May. However, rumors are just rumors; actual implementation is what counts as good news. With the SEC’s recent friendly attitude towards cryptocurrencies, it is just a matter of time before approval.

However, the final outcome of the lawsuit regarding tariffs between the White House and the courts is difficult to predict, the trade agreement between the United States and China has also collapsed, and the conflict between Russia and Ukraine escalated over the weekend. The market has returned to the chaos reminiscent of the “liberation day” period. Investors in the risk market dislike uncertainty the most. If they adopt a wait-and-see and conservative attitude towards the future market, they will withdraw their funds and wait for clearer certainty before entering the market. With U.S. capital dominating, if U.S. stocks are unstable, the cryptocurrency market will not have good days either.

Disclaimer: The article only represents the author’s personal views and opinions, and does not represent the views and positions of the blockchain. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and the blockchain will not bear any responsibility for any direct or indirect losses incurred by investors’ trades.

Disclaimer: This article is for providing market information only. All content and opinions are for reference only and do not constitute investment advice, nor do they represent the views and positions of Block. Investors should make their own decisions and trades, and the author and Block will not be liable for any direct or indirect losses incurred by investors’ trading.