Odaily News Alex Kuptsikevich, chief market analyst at FxPro, said the recent pullback in the cryptocurrency market was attributed to the sell-off of safe-haven assets such as Bitcoin and gold, and the easing of geopolitical tensions between Lebanon and Israel weakened investors' demand for these safe-haven assets. Trend. The Cryptocurrency Fear and Greed Index fell to 79, which is still extremely greedy, but the index is the lowest level in two weeks. In addition, Ryan Lee, chief analyst at Bitget Research, said that after the recent rapid rise, the market may be correcting, and investors' profit-taking behavior may also be one of the reasons for the price drop. And more than $3.4 billion in long leveraged positions are at risk of liquidation, which may further exacerbate price volatility. (Kitco)