Why did this wave suddenly "plummet"? There are a few reasons

The biggest reason is the leverage explosion; in a bull market, without a black swan event causing a low leverage drop, it is difficult for the market to continue to reach new highs in the next phase.

The second reason is the large outflow of ETFs, which basically means there are fewer buyers and more sellers.

Additionally, the Federal Reserve has brought back the pressure that there will not be a continuous interest rate cut.

Personally, I still have confidence in the upcoming interest rate cut cycle, so I will wait patiently and seize the opportunity for new coins as well. #暴跌