Why did AXS go down?

Could you please explain why did the price of AXS decline? Could there be any specific reasons or factors that contributed to this drop? I'm curious to know if it's due to market fluctuations, changes in the cryptocurrency ecosystem, or perhaps some news or events that have negatively impacted its value? I'm also interested in understanding if this decline is temporary or if it indicates a longer-term trend. Could you elaborate on this, please?