Bitcoin drops to nearly two-month lows, with the divergence between the US stock market and the crypto market intensifying.

On June 2nd, the project price fell to a two-month low, with a single-day decline of over 4%, forming a sharp divergence from the US stock market hitting new highs. Research shows that the project is being viewed as a high-risk asset rather than a safe haven, with funds flowing into low-volatility, high-return stock markets. Currently, the project is approaching the key technical support level of $69k, and market sentiment is extremely polarized. (😭Bad news)

Impact analysis: The "vampire effect" of the US stock market is significant, with funds flowing from the crypto market into stocks. The project is linked to risk asset pricing, and liquidity is being trapped by traditional markets, facing ongoing selling pressure in the short term.

Potential investment opportunities: Pay attention to the $69k support level; if it breaks with increased volume, consider hedging risks; if it stabilizes and the stock market pulls back, it could be an opportunity for a rebound from oversold conditions as funds flow back. #Btc