Since the crash in October, the market has been weak, and market sentiment is terrible. There are concerns about MicroStrategy, whether it will be forced to liquidate its long positions, causing more people to exit, creating a vicious cycle.
Currently, sentiment is very weak everywhere. If more bad news comes out, it may further decline. Tonight's/this week's CPI data is also a contributing factor. If it's high, it will prevent the Federal Reserve from cutting interest rates; if it's low, it gives some breathing room. In short, let's wait and see.
