ChainCatcher reports, according to The Block, analysts pointed out that Monday's crypto market sell-off was primarily driven by global macro factors rather than issues within the crypto market itself. Dr. Kirill Kretov, a senior automation expert at CoinPanel, told The Block: "We are in a period of increasing global uncertainty, with escalating tariff conflicts, frequent geopolitical hotspots, and contradictory macro signals converging. In this environment, investors are withdrawing from risk assets and moving towards assets considered safer, such as US Treasury bonds and gold. Cryptocurrencies, especially Altcoins, are bearing the brunt of the pressure."

Despite the market sell-off, some analysts still believe there is a possibility of a rebound in the short term. Chu, an analyst at BRN, stated that an oversold condition might trigger a rebound in the middle of this week, depending on the upcoming economic data.

Chu said, "As risk assets become increasingly oversold in the short term, there might be some short-term relief in the next one or two days. With the Federal Reserve FOMC meeting minutes to be released on Wednesday, US CPI and initial jobless claims on Thursday, and PPI and University of Michigan consumer confidence and inflation expectations data on Friday, the market could see a 'Dead Cat Bounce' that could start as early as Wednesday and potentially last for several weeks."