Remember that crazy dump at the end of February? Bitcoin crashed toward 60K and everyone was scrambling to understand why crypto market is down so hard. Turned out it wasn't just one thing hitting at once. Israel-Iran tensions spooked the whole market, money rushed into dollars and bonds, and traders started panic selling. But honestly the macro backdrop was already shaky. That PPI print came in hotter than expected, killing hopes for quick rate cuts. When you combine geopolitical shock with sticky inflation, risk assets like crypto get hit first. Then the liquidation cascade started. I watched over 88 million in Bitcoin longs get wiped out in hours, and Ethereum got hit even worse. The ETF flows had already cooled off too, so there wasn't enough institutional buying to cushion the fall. Really showed why crypto market is down when all these pressures stack up at the same time. That 60K level was supposed to hold but it cracked. Without stability and fresh buying pressure, downside just keeps extending.