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The collapse is somewhat related to the listing of $spcx on June 12, BTC/ETH and high-tech US stocks are easily sold off to rebalance, leading to a bloodbath.
It's somewhat related to $gitlawb 's collapse; many large investors who bought at high levels got cut.
It will affect some sentiment; the next best thing in the crypto market is always the most attractive!
The US-Iran conflict is ongoing while negotiations continue; it's already in the final stages.
The US stock market's rise is the best indicator.
The impact is minimal, I think.
I believe the pullback is temporary.
The long-term bullish logic of Base AI remains unchanged! 🙃