#成长值抽奖赢金条 Bitcoin closed at $73,674 in May, down 3.5% for the month. The current weakness of Bitcoin is mainly influenced by three major structural factors: firstly, the continued new highs in the US, Japan, and South Korea stock markets and the increasing divergence from the valuation of the crypto market; secondly, the weakening of the Federal Reserve's rate cut expectations, with the market expecting the June FOMC meeting to keep the benchmark interest rate unchanged (probability of 99.4%); thirdly, the weakening demand from institutions, with spot ETF funds net outflows of approximately $2.43 billion in May.