The increase that occurred at the end of June like today certainly makes us optimistic, FUDs and negative issues that are happening at this time are Binance which is experiencing a financial crisis, but all of these issues are refuted because many consumers withdraw and do not experience problems like what happened with FTX, of course this makes the market can continue to rise.
The FUD and the negative issues were actually about the US SEC lawsuit against Binance, CoinBase, and other exchanges. Binance is never experiencing a financial crisis but it may experience a reduction in users due to the lawsuit.
But why do people always believe or feel the market is improving when there's a bullish trend? Besides, there's still network congestion on the Bitcoin network.