I just looked at the recent fall, and it may be related to two factors. The first factor is that the European Union is about to approve retaliatory tariffs on $28 billion worth of U.S. imports, including whiskey, semiconductors, and toilet paper, in direct response to Trump's tariff increases on EU steel, aluminum, and automobiles. The timing of the fall coincides with the market maker trading hours in the U.S. and Europe, which should have little relation to Asia. Furthermore, considering that Bitcoin also experienced a long wick candle after China's countermeasures last Friday, this reason cannot be ruled out.

Secondly, it was also reported that the two parties in the United States have increasingly divergent opinions on Trump's foreign policy, which may affect the support from Congress in the future. What the United States currently needs is more stability, especially since the entire risk market has experienced a significant fall since Trump took office, and there are many dissatisfied voices coming out of Wall Street.
In the end, we can see that although the price of $BTC has fallen, the trading volume has not increased significantly. This should mainly be due to the panic and risk-averse emotions of some investors, rather than the exit of market makers.
PS: Is it possible that a certain big shot in Hong Kong was knocked out or that BTC was settled? (Just a joke)
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