May & June - Bad Timing for Networking?

Hey everyone, I just observed that there was a large decline in my cold email response rate from Feb/March until now. I usually have 10-15% response rate earlier this year, but recently it's even under 5%, while I was constantly improving my cold email content. I'm wondering if May & June is not a good timing when people are getting more busy and less likely to want a call. Anyone had similar experience?

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