Green tides attack the Yellow Sea every year since 2007 and have caused substantial financial loss. Based on Haiyang-1C/Coastal zone imager (HY-1C/CZI) and Terra/MODIS satellite images, the temporal and spatial distribution of green tides floating in the Yellow Sea during 2019 was extracted. The relationships between the growth rate of the green tides and the environmental factors including sea surface temperature (SST), photosynthetically active radiation (PAR), sea surface salinity (SSS), nitrate and phosphate during the green tides' dissipation phase has been detected. Based on the maximum likelihood estimation, a regression model that includes SST, PAR and phosphate was recommended to predict the growth rate of the green tides in the dissipation phase (R = 0.63), and this model was also examined using Bayesian information criterion and Akaike information criterion. When the average SST in the study area was above 23.6 °C, the coverage of green tides began to decrease with the increase in temperature under the influence of PAR. The growth rate of the green tides was related to SST (R = −0.38), PAR (R = −0.67) and phosphate (R = 0.40) in the dissipation phase. Compared with HY-1C/CZI, the green tide area extracted using Terra/MODIS tended to be underestimated when the green tide patches were smaller than 11.2 km. Otherwise, the lower spatial resolution of MODIS resulted in larger mixed pixels of water and algae, which would overestimate the total area of the green tides.