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An alleged $44 million hack tied to North Korea’s AppleJeus group has surfaced, linking DWF Labs to one of crypto’s most secretive breaches—raising new alarms about state-backed attacks on the industry.

There are differing interpretations regarding the reasons for this pullback, but it is certain that the market is currently in a crucial waiting period, including the reopening of the U.S. government and a potential policy shift by the Federal Reserve. It is also undeniable that bitcoin’s fundamentals are stronger than ever before.

With structural support weakening, market volatility is expected to increase.

Spot Bitcoin ETFs, which have long been regarded as "automatic absorbers of new supply," are also showing similar signs of weakness.
