I would say yes. Looking at how Dow Jones closing at lower, Hang...

I would say yes.

Looking at how Dow Jones closing at lower, Hang Seng Index currently red and even Straits Times Index in red.

My guess would be, institutional and sophisticated investors are taking back their holdings and exercise caution since Crypto Market's market cap is so high and some retail investors might be losing money, extending their loans, increasing bad debts would worry operating businesses out there.