Today, global markets experienced a severe sell-off, with major stock indices generally falling over 5% in a single day. The VIX fear index surged 40%, hitting a new high for the year. Tech stocks led the decline, with the Nasdaq plunging 6.8%, and heavyweight stocks like Apple and Tesla dropping over 9%. Safe-haven assets were not spared, as Bitcoin fell below the $30k mark and gold declined 2%. The market widely believes that the Fed's unexpectedly aggressive rate hike outlook, combined with economic recession warnings and escalating geopolitical conflicts, triggered liquidity panic. A surge in trading volume caused temporary congestion on multiple national exchange systems, and institutions urgently activated circuit breaker measures.