According to CoinMeta, Michael McCarthy, CEO of moomoo for Australia and New Zealand, stated that the sentiment in the U.S. stock market has clearly undergone a significant shift. Market turning points are often accompanied by strong disagreements and are characterized by large-scale bid-and-ask price fluctuations. It seems that the market is currently in this phase, and the heavy selling in U.S. stocks overnight indicates that the market may be developing in this direction. McCarthy believes that this could become an important turning point for the U.S. market, as many major market participants seem to have concluded that the trend that previously drove the market upward has come to an end.