PANews June 2 news, the latest Bitfinex Alpha report said that Bitcoin is experiencing its first major correction since the April lows, after surging 50% from $74,501 to a record high of $111,880 before falling back. The pullback reflects the change in market rhythm, after nearly 50 days of continuous gains, with a small correction. The pullback is not just technical, but occurred against the backdrop of macroeconomic pressures after the US government unexpectedly resumed tariffs, causing the 30-year US Treasury yield to break through 5%, and rising risk aversion.

Despite the pullback, Bitcoin remains structurally strong and the pullback appears to be a healthy reset rather than a collapse, driven by leverage write-offs and profit taking after one of the strongest recoveries in cryptocurrency history. In addition, the cryptocurrency industry may also be experiencing a wave of major developments in the corporate, regulatory and even global financial sectors.