Today's panic index is 70, still in a state of greed.

Although U.S. stock index futures experienced some pullback yesterday, the extent was not significant, so the whale selling is believed to be the main reason for yesterday's drop. Global government bonds faced a substantial sell-off yesterday, with long-term bond yields rising across the board. If government bond yields in various countries continue to rise sharply, it will lead to tightening global liquidity, increasing borrowing costs, and directly impacting the risk asset market. Therefore, the cryptocurrency market experienced a rapid decline last night.

The CPI is not very optimistic either, inflation seems to be warming up, with BTC hovering between $116,000 and $117,000. As long as it does not drop below $112,000, it is expected to oscillate between $116,000 and $120,000 this week.