Nationwide, there have been more than 20 cases of small and medium-sized rivers experiencing floods exceeding warning levels.

date
15/06/2026
Journalists learned from the Ministry of Water Resources that due to the influence of rainfall, 20 small and medium-sized rivers including the Zhu'er River, a tributary of the Yu River in Guangxi, the Dong'an River, a tributary of the He River, the Guwei River, a tributary of the West River in Guangdong, the Guzhu River, a tributary of the East River, the Songyuan River, a tributary of the Han River, the Yongding River, an upstream tributary of the Ting River in Fujian, the Yanshi Creek, a tributary of the Jiulong River, the Changtan River, a tributary of the Shaxi Branch of the Min River, and the Dashahu River, a tributary of the Second Songhua River in Jilin, experienced floods exceeding the warning levels from yesterday to today, with the largest exceeding the warning level by 1.76 meters. At present, most of the rivers have receded below the warning water level.
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Many institutional investors believe that Bitcoin still has further room for decline. The overall market sentiment is cautious, with macroeconomic uncertainty, tightening liquidity, ETF outflows, and funds shifting towards AI and other areas potentially putting pressure on BTC prices. David Grider, partner at Finality Capital, predicts that this market bottom may not occur until the end of the third or fourth quarter of 2026, and believes that Bitcoin may bottom out in the range of $45,000 to $55,000. Even investors who believe the market is nearing its bottom do not expect a strong rebound in the short term. Research shows that many funds are currently increasing cash positions, reducing directional risk exposure, and adopting more market-neutral, hedging, and derivative strategies to manage volatility. Meanwhile, institutional funds continue to focus on DeFi, AI, and tokenized assets with strong fundamentals rather than solely allocating to Bitcoin. Institutions generally view high interest rates, liquidity tightening, geopolitical risks, and capital flowing into growth sectors like AI as the main downward risks facing the market. Some funds also consider leveraging financing models and quantum computing developments as emerging risk factors in this cycle. Fund surveys regarding year-end trends did not provide Bitcoin price targets above $100,000. Some institutions expect BTC to fluctuate between $40,000 and $80,000 within the year, and believe that improving rate cut expectations, warmer liquidity, and progress on the US "CLARITY Act" may become crucial catalysts for market recovery.
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