According to Milk Road (@MilkRoadDaily), crypto bulls are showing signs of fatigue, indicating a slowdown in upward momentum for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This observation is supported by recent trading volume data and declining open interest in BTC and ETH futures, signaling cautious sentiment among traders (source: Milk Road Twitter, June 19, 2025). Traders are advised to watch for potential short-term corrections and reduced volatility, as these signals often precede periods of consolidation in the crypto market.

According to The Kobeissi Letter, the cryptocurrency market is witnessing a sell-off due to unmet expectations, describing it as a 'clear sell the news event'. This situation indicates that the anticipated positive impact on the market did not materialize as hoped by crypto bulls.