Crypto June Outlook: World Cup Intensifies Liquidity and Attention Diversion, Historical Performance Remains Unpromising
BlockBeats news, May 31, in May, Bitcoin and Ethereum are likely to end the month with a bearish candle. As of press time, Bitcoin's monthly line is down 2.81%, while Ethereum is down 9.98%.
Looking ahead to June, the crypto market is still not optimistic. On one hand, the once-every-four-years World Cup will officially kick off on June 11. The already weak market will struggle to survive as funds and attention are diverted to US stocks, AI, and the World Cup. At that time, US stocks and Polymarket will become the main destinations for capital and attention in the market.
On the other hand, historical data shows that the average return of the crypto market in June is negative. The average return for Bitcoin is -0.14%, and for Ethereum, it is -6.85%.
In summary, it is difficult to expect a strong performance from the crypto market during the bear cycle in June. Reverse-trend coins represented by HYPE, BNB, and ZEC may present some local opportunities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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