There are several main reasons for the recent market decline:

1. Large institutions (such as Grayscale Fund) began to sell their coins. Seeing this situation, other major players may also follow suit, or use futures to dump the market to hedge risks. In this way, there are more coins in the market and the price has fallen.

2. In April and May, large technology companies in the US stock market, especially Apple, encountered many problems and their stock prices fell. Because the cryptocurrency market and the US stock market are sometimes related, the US stock market fell and the cryptocurrency market also fell.

3. Now many retail investors have made a lot of money with their coins, so they may not care much about the market correction and feel that their money is safe. However, the main funds may deliberately dump the market, making retail investors feel insecure and finally have to sell their coins, so that the market is more likely to fall.

4. From a technical perspective, if the price of Bitcoin cannot stabilize at the key position of 4 hours, it may continue to fall.

In short, the market decline is the result of the combined effect of multiple factors. As investors, we should look at market fluctuations rationally, not blindly follow the trend, and make reasonable investment decisions based on our own situation.

Follow me, weekly live broadcast, one-on-one explanation of the varieties you want to see, and grasp the secrets of wealth at any time

#大盘走势 #BOME #ENA #BOME大金狗 #BOME的投资者，短短48小时就赚了好几百万，这势头，简直预示着它未来的价格要大涨啊！ $BOME $ENA $PENDLE