Bitunix analyst: BTC falls below $74,000, crypto market enters leveraged reshuffling phase
BlockBeats News, May 28 – The market's core focus remains on "resurgent inflation" and the "prolongation of geopolitical conflicts." Federal Reserve Board Member Cook has made it clear that if inflation does not cool as expected, she will support further interest rate hikes, indicating a growing tolerance within the Fed for prolonged high rates. From energy prices and AI capital expenditures to global supply chain costs, the market is beginning to worry that a new round of renewed inflationary pressure may be forming.
At the same time, while negotiations continue in the Middle East, military conflicts have not truly subsided. The US military has again struck military targets related to Iran, and confrontations between drones and shipping continue around the Strait of Hormuz. Trump has further emphasized he will not ease sanctions on Iran and refuses to let Iran control the Strait. This means that, even if the market is hopeful for a "ceasefire" in the short term, risks to the energy supply chain and global shipping remain highly sensitive.
Meanwhile, funds in the US stock market continue to concentrate in the AI and semiconductor industries. SK Hynix’s market value has surpassed 1 trillion dollars, and TSMC is reportedly raising prices for its 3nm chips, showing that AI demand is still pushing up quotations and capital expenditures in the tech supply chain. However, this has also raised concerns in the market that the AI boom itself is driving up global equipment, energy, and infrastructure costs, further increasing inflation persistence.
In the crypto market, after BTC fell below 74,000 dollars, the market officially entered a deleveraging phase. According to the liquidation heat map, 75,800 and 77,800 dollars still hold a large amount of liquidity, forming a clear short-term pressure zone; if support at 70,000 dollars is insufficient, the market may continue to search for a new equilibrium zone further down.
Against the backdrop of renewed hawkishness from the Fed, rising geopolitical risks, and global liquidity contraction, the overall crypto market remains clearly dominated by macro and risk events.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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