The current digital asset market is influenced by three major factors: international geopolitical situations, global capital flows, and industry regulation adjustments. 1. Geopolitical Black Swan (Direct Trigger): Israel's raid on Iran, Tehran being missile-attacked, global risk aversion surging, high-risk crypto assets experiencing concentrated sell-offs. 2. Macro Pressure (Fundamental Suppression): US January PPI exceeding expectations, inflation concerns reignited, the Federal Reserve maintaining high interest rates longer, the US dollar strengthening, and liquidity continuously tightening.
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