U.S. Interest Rates:

The Fed’s high interest rate policy (due to persistent 3.4% inflation) is pushing investors away from risky assets like crypto.

2. Regulatory Pressure:

The SEC and European regulators are tightening rules. Over $3.8B in crypto assets are under review, shaking investor confidence.

3. Whale Activity:

Glassnode reports $380M BTC moved to exchanges — usually a sign of upcoming sell-offs.