Cryptocurrency stocks collectively plunge! They were stars yesterday, but today how did they become "fellow sufferers"?

There's an old saying in the crypto world.
When prices rise, everyone calls for a bull market.
When prices fall, everyone looks for reasons.
Recently, crypto concept stocks have experienced this plot twist.
Popular targets like CRCL, BLSH, etc., have all fallen more than 7%.
Many investors were celebrating new highs the day before.
By the next day, they started researching stop-loss levels.
Why is this happening?
Because the market is always swaying between expectations and reality.
Previously, the rise in the crypto sector was largely driven by optimistic expectations.
Once expectations are fully priced in,
any small movement can trigger profit-taking.
Especially against the backdrop of new highs in the US stock market.
Funds are more likely to withdraw from high-volatility assets and shift to relatively stable leading sectors.
This doesn't necessarily mean the trend is over.
But it indicates the market is entering a more cautious phase.
For investors,
the biggest enemy in a bull market isn't a decline,
but mistaking a correction for the end of the world.
True experts never fear volatility.
They fear losing their judgment.#Anthropic秘密递交IPO申请