According to today's market information, the fluctuation of the crypto assets market is mainly related to the Fed's policy expectations and high leverage liquidations within the market.

📉 Expectations for macro policy shift
Market expectations for the Fed to keep interest rates unchanged have surged, with the predicted probability rising to about 66%. At the same time, the Fed's meeting minutes also hinted at the risk of a disorderly decline in the stock market, affecting the overall preference for risk assets.

⚡ High leverage triggers a chain liquidation
The market downturn triggered a massive liquidation of high-leverage positions. In the past 24 hours, the total liquidation amount across the network reached 562 million USD, with long position liquidations accounting for over 87%, involving approximately 170,000 people. This forced liquidation intensified the price fluctuation.

🔗 Market Sentiment and Related Assets
Bitcoin's price once dropped below $89,000, and its correlation with tech stocks has reached a high since 2022. This means that the Fluctuation of the tech sector in the US stock market is more likely to transmit to the Crypto Assets market.