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#加密市场观察
Is the liquidity winter a cold spell or a reverse gear to pick up passengers?
📉 Market Spotlight Bitcoin today enters stress test mode, retreating to around 88,000. As US-EU tariff tensions escalate and the Japanese bond market reacts in a chain reaction, global liquidity is facing a short-term large-scale withdrawal. ETH is also bouncing around the 3000 mark, with both bulls and bears waiting for a clear signal.
🏦 What are institutions doing? Although nearly $1 billion has been withdrawn from ETFs, the good news is that BitGo officially listed on the NYSE today, becoming the first major crypto leader to go public in the US this year. This means that despite short-term price pressures, the industry’s infrastructure continues to advance rapidly toward mainstream finance.
⚖️ Policy Indicator The road to compliance has never been smooth. Due to disputes over certain provisions of the “Restraint Act,” major companies like Coinbase are beginning to openly challenge, and the policy game may last longer than expected.