Sudden turbulence in the early morning, BTC rapidly declined nearly 3000 points during a period of relatively thin liquidity, instantly igniting market risk sentiment. Risk assets collectively came under pressure, and panic quickly spread.

This sharp drop was not an isolated incident but more like the result of the concentrated release of macroeconomic uncertainties. First, there was a resurgence of tensions in overseas trade, with the US announcing increased tariffs on multiple European countries including Denmark, Norway, Germany, and France. The phased tariff rate hikes quickly fueled expectations of rising global trade frictions. Second, there was a variable in monetary policy, with changes in the core personnel expectations of the Federal Reserve. The uncertainty regarding policy direction was re-priced, coupled with adjustments to the FOMC voting structure, leading to a significant amplification of market divergence on future policy pace. US stock futures came under pressure and declined, and risk sentiment was transmitted to the crypto market.

It is worth noting that while risk assets retreated, gold prices quickly strengthened and hit new highs, with safe-haven capital flows being very clear. The stark contrast between the two once again confirms the market’s high sensitivity to uncertainty at this stage—funds are voting with their feet, re-evaluating the boundaries between risk and safety. #Gate广场创作者新春激励 #美联储降息 #加密市场观察 $BTC $ETH $SOL