Today, the US stock market rose sharply (with the Nasdaq up over 4% and the S&P up 3.3%), and risk sentiment was high. However, Bitcoin went against the trend and fell 2.2%, dropping below $101000 at its lowest, which seems out of place. There is no obvious bearish trend on the macro level. Although US bond yields have risen and expectations of interest rate cuts have weakened, US stocks remain strong, and on chain data does not show a significant sell-off. On exchange BTC stocks have slightly decreased, indicating that there is no systemic risk. Combined with the lukewarm performance of rising US bond auction rates and decreasing bid multiples, some investors may turn to liquidating cryptocurrencies to allocate short-term US bonds during the strong US stock market, leading to temporary pressure on BTC. However, the turnover rate is low, the support zone has not been disrupted, and there is no panic in the market. Investors still hold a cautious and optimistic attitude towards the long-term trend of BTC. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex