I just noticed that the crypto market this week has been quite volatile. Bitcoin briefly touched $74,000 in the middle of the week but eventually dropped back to around $68,000-$73,000 now. Every time there's a rally, prices always fall again over the weekend, a pattern that has become common over the past few months.

What's interesting is that the strengthening dollar has become the main issue. The dollar recorded its biggest weekly gain in the past year, which immediately weighed down all crypto assets. The market is starting to worry that inflation will be higher than expected, meaning the Federal Reserve can't cut interest rates quickly. The combination of a strong dollar, persistent inflation, and geopolitical tensions in the Middle East all pose heavy burdens for risk assets like crypto.

On-chain data shows that 43 percent of Bitcoin is currently in a loss position. This means that every time the price rises, patient investors who are waiting for break-even tend to sell immediately. That's why the rally to $74,000 yesterday didn't last long. But there's a positive point: stablecoin flows surged 415 percent to $1.7 billion last week, indicating that retail investors are still ready to enter if opportunities arise.

Ether dropped 0.67% in the last 24 hours, Solana was almost flat, Dogecoin corrected 0.90%, BNB rose slightly, XRP dipped a little. All of these follow the same pressure from the strong dollar. The question is, will the sidelined capital start to enter now or wait for lower prices? The ongoing war continues to be a key factor influencing market sentiment.