What caused the significant drop in the cryptocurrency market this time? The significant drop in cryptocurrency prices is due to multiple factors: US Stocks and Macroeconomics: The US stock market continues to be sluggish, and Chinese concept stocks have plummeted due to the impact of Trump's signing of an investment policy memorandum. At the same time, employment data has lowered expectations of multiple interest rate cuts in 2025, and there is a high probability that the Federal Reserve will maintain interest rates unchanged at future meetings. Monetary policy uncertainty has made investors more cautious about risky assets such as cryptocurrencies. Industry internal shock: On February 21st, the Bybit cryptocurrency exchange was hacked, resulting in losses of over $1.4 billion in ETH and related tokens, causing market panic and exacerbating price drops as investors sold off. Investor sentiment and fund flow: Digital asset investment products have seen two consecutive weeks of fund outflows, with Bitcoin experiencing a $571 million outflow and institutional investors reducing their investments. The uncertainty of trade tariffs, inflation, and monetary policy brought about by the inauguration ceremony of the US President has kept investors cautious. In addition, the cryptocurrency market is facing significant upward resistance, with market value undergoing adjustment and key support areas turning into pressure. Analysts say the market is in a neutral period, and investors are making cautious decisions. Follow me to learn more about the cryptocurrency industry and consult with you.