FxPro Chief Market Analyst Alex Kuptsikevich stated that the recent pullback in the cryptocurrency market is attributed to the sell-off of safe-haven assets such as Bitcoin and gold, and the easing of geopolitical tensions between Lebanon and Israel has weakened investor demand for these safe-haven assets. The cryptocurrency fear and greed index has dropped to 79, which is still extreme greed, but the index is at its lowest level in two weeks. In addition, Bitget Research Chief Analyst Ryan Lee mentioned that after the recent rapid rise, the market may be in a pullback, and investor profit-taking behavior may also be one of the reasons for the price decline. Furthermore, over $3.4 billion in long leveraged positions are at risk of liquidation, which could further exacerbate price volatility. (Kitco)