Analysis: The recent decline in the crypto market is not caused by fundamental factors, but rather by investors taking profits at the end of the year.

Edward Chin of Parataxis said, "The recent market decline looks like investors taking profits at the end of the year, and there are no fundamental factors that triggered the sell-off." Due to the reduction in expectations of the Federal Reserve's interest rate cuts in 2025, some investors may be choosing to reduce their exposure and take profits. Chris Weston, head of research at Pepperstone Group, wrote in a report, "Technically, caution should be exercised in the short term. This does not mean that we will see a price crash soon, but the momentum of the rally has clearly weakened, and buyers have lost dominance and control of the market." (Bloomberg)