Strategy, a "large Bitcoin holder", recently bought 705 BTC (about $730 million), which released a long-term bullish signal and stabilized market confidence to a certain extent, allowing some investors to remain optimistic about the long-term trend. However, the stagnation of Bitcoin ETF capital inflows indicates that the market lacks new funds in the short term, and there is no continuous capital push, so the momentum for price increases is limited.
In May, global cryptocurrency security incidents caused losses of $244 million, and hacker attacks and contract loopholes remain long-term risks. Security issues have always been a pain point in the cryptocurrency market. Frequent security incidents have hit investor confidence, making investors more cautious in trading, and some investors even choose to leave the market due to concerns about asset safety.
The US SEC's doubts about the Ethereum staking ETF may delay the implementation of innovative products, and this uncertainty has suppressed market sentiment. Investors are very sensitive to changes in regulatory policies, and the obstruction of innovative products has reduced the market's expectations for future development, affecting market activity and price trends.
