In recent times, the cryptocurrency market has shown a significant pullback, with Bitcoin's decline from its peak exceeding 20%. Other major coins like ETH and SOL have also not been spared. Market sentiment has shifted from extreme greed to caution, with some investors opting to take profits, leading to increased selling pressure. At the same time, global macroeconomic factors, such as expectations of interest rate hikes by the Federal Reserve and geopolitical tensions, may further exacerbate volatility.

However, a pullback does not mean the end of the bull market. Historically, the cryptocurrency market has experienced similar adjustments multiple times, often followed by a new round of increases. Currently, institutional holdings remain robust, and on-chain data shows that long-term holders are still accumulating. In the short term, the market may seek support amid fluctuations, and subsequent rebounds could depend on favorable policies or capital inflows. Pay close attention to key levels and changes in trading volume to seize opportunities!