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The crypto market faces a "double kill"! Geopolitical conflicts + liquidity withdrawal trigger a bloodbath
Today, BTC drops below 61,000, ETH falls to around 1,610, over 110k traders liquidated across the network, with liquidation amounts exceeding $400 million, and long positions accounting for nearly 80%! The fear index has risen to 9
This round of sharp decline is not an isolated event; three major negative factors resonate:
1. Middle East conflict reignited: escalation of US-Iran tensions directly crush risk appetite, causing frantic risk aversion.
2. Macro outlook reversal: Non-farm payrolls beat expectations combined with inflation concerns, pushing the Federal Reserve's year-end rate hike probability close to 70%.
Currently, BTC is testing the critical psychological level of 60,000. Tonight, the US May CPI data will be the ultimate factor determining the short-term direction. Under macro headwinds, it is recommended to reduce leverage and wait for signs of stabilization on the right side.
#Bitcoin #CryptoMarket #BTC #Ethereum