Recent days witness massive outflow of billions of dollars BTC at 62K meme coins plummet and the cryptocurrency market enters a universal bearish trend

At a time when the stock market indexes in the US and Taiwan are frequently breaking new highs, the so-called “election market” seems to have not favored the cryptocurrency market. The only “external large fund” Bitcoin spot ETF, which saw net outflows exceeding $100 million for 6 consecutive days last week. BTC fell to the 62K level, ETH to 3400, and the top ten market value cryptocurrencies are showing a gradual decline. In the past 30 days, SOL has seen the largest drop of 25%, BTC 7%, and ETH 8%. BNB, which recently broke new highs, has dropped by nearly 5%, with only the relatively centralized TON maintaining a near 18% increase.