#宏观经济数据

Today (August 15, 2025), the decline in the cryptocurrency market is due to technical, macroeconomic, and behavioral factors:

Mass Liquidation: In the past 24 hours, over $442 million in crypto positions were liquidated, with Ethereum ($130 million) and Bitcoin ($720 million) causing the losses. This often triggers a cascading sell-off.

Token Unlock Flood Supply: Approximately $653 million worth of tokens were unlocked this week, particularly affecting altcoins like Dogecoin, Arbitrum, and Sui. A total of 95.49 million DOGE tokens were unlocked, followed by large whale transfers to exchanges.

Profit-Taking After Rally: Bitcoin rose 4% in the past week, nearing its annual high. Traders seized the opportunity to lock in profits, especially as the RSI levels indicated overbought conditions.

Weak Stock Market: After Trump extended China tariffs for another 90 days, U.S. stock indices fell. This risk sentiment spread to cryptocurrencies, which are still viewed as speculative assets.

CPI Data Expectations: Traders are cautious ahead of the U.S. Consumer Price Index report, which may affect interest rate expectations and broader market sentiment.

Despite the fear of a pullback, the Greed Index remains in the 'Greed' zone at 60, indicating that optimism has not disappeared, but merely eased.