Bitcoin hit $70,000 again, Ethereum hit the $4,000 mark again, the market suddenly became "deserted", the root cause is still the lack of market liquidity, Bitcoin weekday on-chain transfers are even only tens of thousands, this and the Bear Market at the beginning of 2023 is not longer, Bitcoin and Ethereum gas has dropped to a historical low, the market willingness to buy and sell is very low

Bitcoin ETF has been hyped, Wall Street institutions hold about 850,000 BTC, and there has been no significant net inflow of funds for nearly a month. The increase in stablecoin issuance is also not eye-catching, indicating little willingness for continued large-scale purchases of funds at this stage.
Although the Ethereum ETF has been approved, the approval process was rushed and not well-prepared. The price has already reached $4000, which is not far from the previous high point. The proportion of funds flowing into the Ethereum ETF is estimated to be significantly weaker than BTC. Moreover, the ETF has not been approved yet, so the funds cannot come in at the moment. Therefore, there is not much room for Ethereum to continue to rise significantly.
Waiting for the big money to buy, looking forward to the "gold pit"; And the big money waiting to be sold is looking forward to the "Halving climax", and the decision is in the hands of the Fed
In November of this year, the highly anticipated US presidential election will take place. It is almost certain that the Federal Reserve will stand still in June and July, but there will definitely be significant changes in the Federal Reserve's monetary policy in September or after the election. It's hard to say whether the financial markets will be in turmoil or soar again at that time.
In the face of $35 trillion in debt, a high Intrerest Rate environment, and U.S. stocks that have risen to the sky, a black swan is indeed prone to appear if one is not careful, so there are funds looking forward to the "gold pit"; The past historical experience of the encryption market shows that there will be a large Bull Market in the second year after each Halving of Bitcoin, so there are also funds to sell after waiting for a big pump
Such a high debt in the United States must eventually be solved by releasing water, but releasing water will bring big inflation, so in addition to U.S. stocks, a reservoir is needed, and all indications indicate that this reservoir is the Crypto Assets market, so in the long run, mainstream encryption assets still have long-term allocation value
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