Bitcoin and Ethereum experienced significant declines this week, mainly influenced by macroeconomic factors such as expectations of interest rate hikes by the Bank of Japan, uncertainty in Federal Reserve policies, and more. Meanwhile, on-chain data shows a large influx of Bitcoin into exchanges, a decline in miner hash rate, and increased risk aversion among investors. The market faces triple pressures, with overall liquidity contracting, and attention should be paid to upcoming employment and inflation data releases.