Yesterday, BTC crashed again. Let’s analyze the reasons: 1. U.S. economic data black swan Yesterday, the Fed released employment data. Instead of the expected increase of 55,000 jobs, it turned into a decrease of 92,000 jobs. The market is worried about stagflation and economic slowdown, which might lead to rate cuts. 2. Escalation of the Middle East war, shifting from short-term to long-term Yesterday, Trump posted on Twitter, saying this strike is not a short-term deterrent but an effort to replace the regime. This means it’s a prolonged conflict, not a short-term one. The Strait of Hormuz is already piled up with crude oil, and if the fighting continues, production will have to stop. Once production stops, it will take a long time to recover, making crude oil harder to obtain. Global assets are starting to withdraw from risk assets. The most obvious sign was yesterday, with Asian markets seeing a 6% drop in funds. 3. Fewer rate cuts Initially, many analysts predicted two rate cuts this year, but now it’s down to just one. The crypto world finally saw some hope, and now it’s gone again