#数字货币市场回调# Let's analyze the challenges that the current encryption market is facing.

The entire encryption field belongs to the category of venture capital, characterized by limited market funds that are mostly existing funds. An An's alpha effect is actively creating wealth, and the funds released from An An are having a positive impact on the market, forming a market hotspot.

To achieve a significant rise in the entire market, a large-scale influx of funds is needed to initiate a major upward trend. The interest rate reduction policy was originally supposed to encourage capital inflow; however, after the recent rate cuts, funds did not flow into the encryption market as expected, but instead largely shifted towards safe-haven assets like gold or various cash flow products in search of security.

From a macro perspective, the current market risks primarily stem from geopolitical factors. The negative sentiment brought about by interest rate cuts has already been absorbed by the market, and the current uncertainty mainly arises from Trump's reiterated tariff policies and the direct conflict with Russia.

Due to these determinative issues, some investors feel concerned and choose to transfer their funds to the more stable gold market. As geopolitical tensions and tariff issues continue to escalate, more slow-reacting funds will also begin to withdraw from the encryption market in the short term and turn towards safe-haven assets.