Significant Outflow of ETF Funds: BlackRock's IBIT had a net outflow of $140 million in the morning session on the 24th (four consecutive days of net outflows), and Grayscale's GBTC simultaneously saw an outflow of $90 million, indicating a clear signal of institutional withdrawal.

- Shrinking Market Value of Stablecoins: USDT's circulation decreased by $2.1 billion in one day (CoinMetrics), indicating the exhaustion of incremental funds in the market. #美国加征关税