QCP's analysis pointed out that global risk aversion led to a decline in stock, gold, and bitcoin prices, and rumors about stagflation on Wall Street are escalating. Although it is still too early to confirm the trajectory of stagflation, the market's reaction to recent developments indicates that market anxiety is intensifying. Long positions in the US dollar are starting to reverse, the recent crash has forced traders to reduce their exposure, BTC continues to follow the downward trend of risk assets, and ETF outflows confirm a lack of confidence. In a volatile market, as traders rush to reduce exposure, cryptocurrencies remain the first asset to be liquidated. It is advisable to remain cautious as the market remains fragile.