According to Golden Finance, QCP published an analysis pointing out that global risk aversion sentiment has led to the decline in stock markets, gold and Bitcoin prices, and rumors about stagflation on Wall Street are becoming more and more intense. Although it is too early to confirm the stagflation trajectory, the market’s response to recent developments shows that market unrest is increasing. The long dollar positions began to reverse, the recent collapse forced traders to cut exposure, BTC continued to align with the downward trend of risky assets, and ETF outflows confirmed a lack of confidence. In a turbulent market, cryptocurrencies remain the first asset to be liquidated as traders scramble to reduce exposure, and the market remains vulnerable.