$BTC Why did it suddenly drop below 81,000?!!!
This round of decline is very likely that macro factors first hit the market, and then leverage amplifies the losses.
Brent crude oil has directly surged past 100 and is heading toward 102. When oil prices rise, inflation expectations follow suit. US Treasury yields have also gone up— the 10-year yield is already near 5.3%, the highest level in more than 20 years.
Funds are more willing to chase risk-free high yields. Non-yielding assets like Bitcoin get thrown out first, and the US stock market has also pulled back— it’s not just crypto that's falling.