As Bitcoin drops into the mid-74,000-dollar range, the cryptocurrency market has turned red. In times like these, I realize how important macroeconomic indicators like the PCE inflation index are. With the Federal Reserve's interest rate policies and inflation concerns continuing, the entire asset market is shaking.

The cryptocurrency market, like other financial markets, is also highly sensitive to macroeconomic signals. Especially when the PCE inflation index comes out higher than expected or the Fed's policy direction is uncertain, the market tends to fluctuate repeatedly. During this kind of red recession phase, even long-term investors are maintaining a cautious stance.