The recent pullback in the cryptocurrency market is mainly influenced by multiple factors, including macroeconomic pressures, interest rate hike expectations, and the release of speculative market sentiment. Although the prices of mainstream cryptocurrencies like Bitcoin are under pressure, the pullback also provides entry opportunities for long-term investors. Market volatility is quite common in the crypto space, and investors need to remain rational, pay attention to macro policies and technical trends, and avoid excessive leverage operations to reduce risk.