According to CoinMeta, Chalu Chananana, Chief Investment Strategist at Shengbao Finance, stated in a commentary that it is still too early to assert that the market has entered a bear market after the significant decline on Wall Street overnight. She pointed out that such market declines often reflect investor panic, forced liquidations, and a deterioration in market sentiment. Although the selling pressure has spread to a broader market, the current impact is mainly concentrated on factors such as the artificial intelligence investment cycle, regulatory uncertainties, and excessive concentration of positions. What is more concerning is whether the market weakness will further spread to corporate earnings, the credit environment, employment, and economic growth. However, extreme selling pressure may also create conditions for a market rebound. She added, "Once the selling pressure eases, the market could rebound quickly, sometimes even before there is a clear improvement in economic data."