Analyst: Part of the reason for Bitcoin's recent pullback is the lack of a positive catalyst

Odaily Planet Daily News: Analysts at Coinbase say that the recent price correction of Bitcoin is partly due to a lack of positive catalysts to boost investment confidence. Analysts emphasize. The weak macroeconomic sentiment in the United States has intensified people's concerns about an economic slowdown, putting pressure on risky assets including cryptocurrencies. The flow of institutional funds reflects cautious market sentiment. Over the past week, more than $2.9 billion has been withdrawn from US spot Bitcoin ETFs. At the same time, with the decrease in leverage ratio and the overall decline in financing interest rates, the lending market has also responded to the risk aversion sentiment. （The Block）