The reasons for the downward trend in the market are roughly as follows: The LEI released on February 20th showed a decrease of 0.3% to 101.5 in January (2016=100), Consumers' assessment of the future business environment has turned pessimistic, with a decrease in weekly working hours in the manufacturing industry being the main drag factor The economic outlook report released on February 18th showed that consumption growth of 4.2% exceeded expectations, and inflationary pressures intensified Trump officials are seeking stricter AI chip export controls on China, particularly targeting Nvidia chips, which have a significant impact on AI related companies The market downturn is also related to Trump's announced import tariffs on Canada, Mexico (25% tariff), and China (10% tariff) in early February. The decline in the cryptocurrency market seems to be a continuation of the previous downward trend and also a continuation of the decline in the US market during this period. The specific timeline is as follows: -On February 21st, the US stock market experienced its worst week since October, with the S&P 500 and Dow Jones falling 1.7% and 2.5% respectively -On February 24th, the S&P 500 and Nasdaq continued to decline by 0.5% and 1.2%, while technology stocks such as Nvidia and Palantir performed poorly -On February 25th, the market continued its downward trend as overseas institutional investors withdrew from Asian stock markets due to potential US reciprocal tariffs But when it falls, there are still some data that serve as reassurance: 1/Tether's market value reaches a new high of $142.2 billion, and the total market value of stablecoins exceeds $226.5 billion 2/On chain transaction volume remains above $16 billion