The two-month rebound has ended, and buying interest at low levels has appeared. The fee structure tells me: this is not a collapse, it's a reshuffle.

On June 3, Cinglass data shows Bitcoin ended a 2-month rebound and fell below 67,000 USDT this morning. The market may have buy orders at lower levels. For spot, net inflows over the past 8 hours were approximately 30.3477 million USDT; for contracts, net outflows over the past 24 hours were approximately 2.595 billion USDT, but the funding rate is positive, and sentiment is not as pessimistic as it was 2 months ago. The funding rates for mainstream platform BTC/ETH contracts are positive. Altcoin funding rates indicate no bullishness, but negative rates are also not as severe as they were 2 months ago.