#ETHProspects In recent days, the cryptocurrency market has experienced a significant decline. Here are some of the main reasons behind this situation:

1. Strong economic data from the United States: Recent economic reports from the U.S. show growth exceeding expectations, raising concerns that the Federal Reserve (Fed) may maintain or increase interest rates. This has led investors to pull funds from riskier assets like cryptocurrencies to move to safer investment channels.

2. President Donald Trump's remarks: During the inauguration, President Trump did not mention Bitcoin or digital currencies, leading to disappointment in the cryptocurrency investment community. This has contributed to the decline in the prices of related digital currencies, especially meme coins like $TRUMP.

3. Liquidation of highly leveraged long positions: The price drop triggered mass liquidation of high-leverage long positions on derivatives exchanges. According to data from CoinGlass, nearly 631 million USD in long positions have been liquidated, adding further downward pressure on the market.

4. Profit-taking and risk avoidance sentiment: After a period of strong growth, many investors decided to take profits, especially when faced with current economic and political uncertainties. This has led to increased selling pressure, contributing to the market's downward trend.

The above factors have combined to create strong volatility in the cryptocurrency market in recent days.