The cryptocurrency market is experiencing a downturn today due to a combination of factors, including:

### 1. **Macroeconomic Concerns**

- **Stronger-than-expected U.S. economic data** (e.g., jobs reports, inflation) has led to fears that the Federal Reserve may delay interest rate cuts, strengthening the U.S. dollar (DXY) and reducing risk appetite.

- **Higher Treasury yields** make safer assets like bonds more attractive compared to volatile crypto.

### 2. **Bitcoin ETF Outflows & Miner Selling**

- Spot Bitcoin ETFs have seen **net outflows**, reducing buying pressure.

- Bitcoin miners are **selling reserves** ahead of the halving (expected April 2024), adding supply pressure.

### 3. **Geopolitical Tensions & Risk-Off Sentiment**

- Escalating Middle East conflicts (e.g., Iran-Israel tensions) are causing investors to flee risky assets like crypto for gold and stablecoins.

### 4. **Technical & Leverage Factors**

- Bitcoin failed to break key resistance levels (e.g., $70K), triggering liquidations in leveraged long positions.

- Over $500M in crypto long positions were liquidated in the past 24 hours (Coinglass data).

### 5. **Regulatory & Market-Specific Fears**

- SEC lawsuits against major players (e.g., Uniswap, Coinbase) continue to weigh on sentiment.

- Mt. Gox Bitcoin repayments (expected mid-2024) may flood the market with BTC.

### **What’s Next?**

- If Fed signals rate cuts later this year, crypto could rebound.

- Post-Bitcoin halving, reduced supply may support prices.

- Short-term volatility likely to persist due to macro uncertainty.

#TradeLessons #CryptoCPIWatch #CryptoRoundTableRemarks $SOL $BTC