There may be just a few reasons for the market decline.
First: It could be that the market has peaked. Retail investors feel they have made enough profit and want to withdraw and take a break, waiting for the next opportunity.
Second: The market also needs to adjust. There are too many transactions, and the system is overwhelmed, needing to catch its breath in preparation for the next wave of trends. This is an old rule in financial markets.
Third: It's those whales causing trouble. They have a lot of capital, and at the slightest hint of danger, they panic and run, disrupting the market's stability.
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