The Cryptocurrency Market Faces Pressure from Multiple Factors: Last Night's Drop Indicates a More Complex Situation

Recently, the crypto market has experienced a sharp correction, driven by pullback factors from multiple directions. This instability did not appear suddenly but resulted from the interaction between global issues and financial market movements.

Geopolitical Risks and Broader Impact

Tensions in geopolitics, especially in the Middle East, have become a major concern for investors. This uncertainty not only affects commodity markets but also spills over into other sectors, creating a cautious atmosphere across the entire global financial market.

Microsoft and the Tech Sector: Slowing Growth Triggering Sell-Offs

Microsoft’s earnings report was unexpectedly disappointing. Data showed that the growth of Azure cloud services did not meet expectations, with a significant slowdown. This triggered a strong sell-off in the tech sector, with Microsoft shares dropping over 10% in a single trading day. This decline created a domino effect, dragging the US stock market into a downward trend.

Combined Pressures: Why the Crypto Market Is Heavily Affected

Precious metals, traditionally considered safe-haven assets, have also seen substantial withdrawals from their record highs. When these pressures converge during the same trading session, the crypto market becomes the most affected point.

Bitcoin, the leading digital currency, fell below the $84,000 level. Furthermore, the combination of stock market pressures and gold correction led to a high-leverage liquidation event. According to trading platform data, nearly one billion dollars worth of long positions were liquidated within 24 hours, creating a temporary liquidity gap. This interaction demonstrates how different markets influence each other, especially when instability occurs simultaneously across multiple fronts.