According to analysts citing analysts, the sell-off in the crypto market on Monday was mainly driven by global macro factors rather than the problems of the crypto market itself. "We are in a period of increasing global uncertainty, with escalating tariff conflicts, frequent geopolitical hot spots and conflicting macro signals, which are converging. In this environment, investors are withdrawing from risky assets to assets considered safer, such as U.S. Treasury bonds and gold. And cryptocurrencies, especially altcoins, are under the brunt of pressure." Despite the sell-off in the market, some analysts still believe there is a possibility of a rebound in the short term. BRN analyst Chu said the oversold state could trigger a rebound in the middle of the week, depending on upcoming economic data. Chu said, “As the short-term oversold of risky assets intensifies, there may be some short-term relief in the next one or two days. With the release of minutes of the Federal Reserve FOMC meeting on Wednesday, the release of the U.S. CPI and initial unemployment claims on Thursday, and the release of PPI and the University of Michigan consumer confidence and inflation expectations data on Friday, the market has seen a 'dead cat rebound' that lasts for at least a few weeks, which may start as early as Wednesday.”