@owenqc4nbrooks
Investor confidence took a sharp turn for the worse, and market sentiment quickly slid from previous optimism to pessimism. A large number of retail investors and traders rushed to withdraw, causing the "fear index" (VIX and other indicators of volatility) to rise. The plunge caused by the tariff news in early February was a typical case. Investors were panicked and sold off one after another, forming a stampede. Subsequent market data also confirmed this - the market value-weighted crypto index fell 22% in February, and Bitcoin fell about 18%. This risk-adjusted performance was comparable to the decline in technology stocks in the same period. This shows that the crypto market has entered "panic mode" just like traditional risk assets.
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