BTC plummeted again yesterday, let's analyze the reasons. 1. Black Swan Event in US Economic Data Yesterday, the Federal Reserve released employment data, predicting an increase of 55,000 jobs, but the figure changed to a decrease of 92,000. Market concerns about stagflation and slowdown may lead to interest rate cuts. 2. The Middle East war escalates, turning from a short-term conflict into a long-term one. Yesterday, Trump tweeted that this strike was not a short-term deterrent, but rather a move to replace his own regime. This means this is a prolonged attack, not a short one. The Strait of Hormuz is already overflowing with oil; if the attack continues, production will have to be halted. Once production stops, it takes a long time to resume, and obtaining crude oil becomes very difficult. Global assets have begun to withdraw from risky assets, most notably yesterday alone, with Asian markets seeing a 6% decrease in funds. 3. Fewer interest rate cuts Many analysts initially predicted two interest rate cuts this year, but now it's expected to be one. The crypto was finally showing signs of improvement, and now it's gone again 😭😭😭