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Recently, the global cryptocurrency market has been under overall downward pressure, with intense market fluctuations. Funds continue to shift from crypto assets to traditional capital markets such as the US stock market, and the total market capitalization has fallen back to the range of $2.39 trillion. In early June, Bitcoin repeatedly declined, breaking below the $67,000 mark, with a single-day drop of over 7%; Ethereum also fell more than 7% simultaneously, altcoins declined across the board, nearly 280k traders were liquidated in 24 hours, with total liquidation amounts approaching $1.8 b