#美联储重启降息步伐 There's a coin that's being hotly discussed today—BIBI, and it’s quite interesting.

The market has stabilized a bit in the past couple of days, but opinions in the community are split: some people think the downward trend will continue, while others believe the bottom support is solid. $BTC, in particular, has sparked a lot of debate.

From an objective standpoint, although Bitcoin rebounded this week, the key market term is—ETF outflows continue. What does this indicate? Institutional investors’ enthusiasm for the world’s largest cryptocurrency is definitely cooling off.

Looking at macro data is even more intriguing. Since the beginning of this year, the S&P 500 has risen over 16%, while Bitcoin has actually dropped about 3%. What does this mean? It’s the first time since 2014—stocks are up, but Bitcoin is down. This kind of inverse movement is indeed rare, so it’s no wonder the market is discussing how the Fed’s upcoming rate cuts might affect crypto assets.