The past 24 hours have been truly brutal. Although there wasn't a massive sell-off, Bitcoin's over 7% drop over the weekend still sent shockwaves through the market. The world is now searching for the cause of the decline. I've also reviewed a lot of data, and while I can't pinpoint the exact reason, it's highly likely that short-term investors in the US time zone engaged in a large-scale sell-off. This sell-off didn't occur on a single exchange. Looking at the trading volume data, several major exchanges saw increases, and the increases were roughly the same. It doesn't seem like a sudden decision, given that not many bitcoin:native exchanges have transferred funds for selling in the last two days. It seems premeditated, waiting for a crucial moment. Therefore, I'm more concerned about whether any significant events will occur in the US in the next two days. Some have suggested it might be due to the Anthropic IPO requiring substantial funds. I think the timing is off. Everyone knows liquidity is poor over the weekend. Selling on Monday would have yielded higher profits for sellers. Shouldn't the focus be on raising more funds for Anthropic? Another factor to watch is the performance of US stocks on Monday. If US stocks can stabilize and recover, Bitcoin's price action is likely to become more stable. There haven't been any major developments from Iran or the US in the last 24 hours. A @Gate account for more market information.