According to ChainCatcher, Edward Chin of Parataxis said that the recent market decline was due to investors taking profits at the end of the year, and there were no fundamental factors that triggered the sell-off. As expectations of a Fed rate cut in 2025 have decreased, some investors may choose to reduce their exposure.
Chris Weston, head of research at Pepperstone Group, pointed out in a report that caution should be exercised in the short term. Although it does not mean that prices will plummet, the upward momentum has weakened and buyers have lost their dominant position.