ChainCatcher news, according to Bloomberg, Edward Chin of Parataxis stated, "The recent market decline appears to be investors taking profits at year-end, with no fundamental factors triggering this sell-off." Due to reduced expectations for a Federal Reserve rate cut in 2025, some investors may be choosing to reduce exposure and take profits.Pepperstone Group's head of research, Chris Weston, wrote in a report, "Technically, caution is warranted in the short term. This does not mean we will see a price crash soon, but the momentum of the rally has clearly weakened, and buyers have lost dominance and control over the market."