The crypto assets market is experiencing an unprecedented turmoil. The price of Bitcoin has sharply declined from around $122,000, dropping nearly 1% every minute within just 30 minutes, ultimately reaching a low of $102,000, with a daily drop of more than 12%.

This storm swept across the entire crypto assets ecosystem. Other well-known crypto assets were also not spared and suffered severe blows. The price of SUI plummeted from $3.5 to $0.55, and WLD fell from $1.4 to $0.3. The popular MEME coin market also suffered heavy losses, with an average decline of over 50%.

The intense fluctuations in the market have led to an unprecedented chain reaction. In the past 24 hours, the number of liquidations across the network has exceeded 1.6 million, with a total liquidation amount reaching 19.1 billion USD, setting the highest record in the past decade for Crypto Assets contract trading.

Multiple factors have contributed to the market crash: the US Consumer Price Index ( CPI ) data exceeded expectations, raising concerns about inflation; the Mt. Gox exchange has initiated its repayment process, bringing potential selling pressure to the market; the German government continues to sell Bitcoin; some institutional investors have chosen to take profits; the centralized liquidation of high-leverage contracts has further exacerbated the market's downward trend.

From a technical analysis perspective, Bitcoin has fallen below key support levels, and the short-term trend exhibits weakness. In this uncertain market environment, investors should proceed with caution, control their positions, avoid excessive leverage, and closely monitor changes in market sentiment and regulatory dynamics. The market may need some time to digest these adverse factors, and it is recommended that investors adopt a wait-and-see approach until clear signals of market stabilization emerge.

This market adjustment is not just a fluctuation in prices, but a severe test of the entire Crypto Assets ecosystem. It highlights the market's sensitivity to macroeconomic factors and the inherent high volatility of the Crypto Assets market. Nevertheless, this may also provide potential entry opportunities for long-term investors, provided they fully recognize the associated risks.

In the future, the development direction of the Crypto Assets market will largely depend on the global economic situation, changes in the regulatory environment, and the level of confidence restoration among market participants. In this rapidly evolving field, staying vigilant and continuous learning will be key for investors to cope with market challenges.