$ETH falling 📉 is the most normal thing. From a regulatory perspective, the U.S. is tightening compliance requirements for exchanges, while domestically it continues to classify this as illegal financial activity. On the macroeconomic front, inflation remains stubbornly high, expectations of further rate hikes are heating up again, and liquidity in risk assets is drying up. As for capital flows, ETFs are seeing outflows, and there isn’t enough new money coming in. From a security standpoint, large sums have been stolen from leading exchanges, compromising the security of funds on these platforms. Every one of these factors points to a major trend. Are you still one of those die-hard bulls?