🔍 The decline was foreshadowed:
There was no news of a rate cut by the Federal Reserve, and no new funds were seen pouring in, resulting in a serious lack of market liquidity.
This year is the unlocking year for old VC copycats, and they are about to face large-scale token unlocking, which is under tremendous pressure. Newly launched VC projects often experience price corrections after the initial highs, exacerbating the market's sluggish confidence.
The German government frequently sold thousands of $BTC, and the market's selling pressure increased sharply, making it difficult to support liquidity.
