Bank of America cited EPFR data showing that in the latest week, the U.S. stock market saw an outflow of $1.8 billion, Japanese stocks had an outflow of $4 billion, and the gold market experienced a net outflow of $2.9 billion, marking the largest weekly outflow since April 2013 and the third-largest weekly outflow in history.

Surprisingly, most of these outflowing funds have surged into the crypto market. Recently, the crypto market has been positively impacted, first with the U.S. Senate passing the "GENIUS Stablecoin Act," which provides a compliant channel for institutional funds to enter, and subsequently, various institutions have continued to buy in, successfully igniting an unprecedented bull market, with Bitcoin prices even breaking the $110,000 mark.

However, this bull market is mainly driven by institutions, with lower participation from retail investors. If adverse factors come into play, such as regulatory policy changes or institutional fund withdrawals, it could easily trigger a market sell-off, and the crypto market may face significant turbulence at that time. #美国加征关税 #加密市场回调 #BTC再创新高 #BTC #ETH