Deribit Asia Pacific Business Director: The market has recently entered a phase of adjustment, and the decline in purchasing power may continue until late August

Odaily News Lin Chen, head of Asia Pacific business at Deribit, said: "In the past week, BTC spot ETFs have continued to experience net outflows, with a total net outflow of $877.9 million (Yesterday, June 19, was a one-day holiday). The market has recently entered a period of adjustment, and many traders will go on vacation during the summer vacation. Purchasing power is expected to continue to decline, and may continue until late August."