The reason for today's big dump in the crypto world

First, today's opening of the US stock market is going to fall, and the Nasdaq index has already entered a bear market. The fall of the US stock market will inevitably lead to a decline in the crypto world, as the crypto world and the US stock market are already deeply linked. Moreover, BTC has not yet made up for the fall. The day before yesterday, when Powell spoke, the US stock market fell, but BTC did not fall; instead, it remained stable. This wave of decline is going to be made up.
Secondly, the negative impact of tariffs is still ongoing, and the implementation is getting closer, indicating that a big dump is also brewing.
Thirdly, in this market situation, with no funds entering, it remains stagnant, and the longer it stays there, the more likely it is to fall, and it can easily lead to a big dump. So, be cautious with long positions.
Fourth, market panic sentiment spreads: In the last 24 hours, a total of 286,600 people worldwide were liquidated, with a total liquidation amount of 877 million dollars.
The fall of Bitcoin triggered a wave of long liquidations, forcing traders who had bet on the rise of Bitcoin's price to sell assets to cover losses, further exacerbating market panic and the decline in Bitcoin's price, which in turn led the entire crypto world into a slump.
Operational advice: Focus on staying out of the market; do not gamble. Getting in now is like delivering your assets to the table, and the win rate will not exceed 30%. The dealer plays based on your cards. If you don't have strong cheating skills, it's better to avoid it for now. After all, when you gamble, 90% of gamblers end up losing badly.