[BIT Official: This Correction is Driven by Macro Factors, Not Artificial Intelligence] According to a report by Jinse Finance, on June 23, BIT Official released its daily chart analysis, stating that Bitcoin and the U.S. Software Sector ETF (IGV), which previously appeared to have decoupled in their trends, are now increasingly showing that the recent movement was merely a short-covering rebound. IGV has already reversed sharply downward. While the fundamentals of software sector stocks and Bitcoin differ significantly, both are driven by the same set of macro factors. When market liquidity is abundant, expectations of interest rate cuts rise, or risk appetite increases, capital typically flows first into high-volatility growth assets. The price correlation between the two reflects their sensitivity to real interest rates and U.S. dollar liquidity, rather than their own operational fundamentals. Since October 2025, the Federal Reserve's policy stance has turned more dovish, which may be the core reason for the simultaneous weakness in both markets. The artificial intelligence boom is merely a superficial narrative used to interpret this correction.