Recently, the global financial market is facing the superposition effect of multiple policy shocks. The uncertainty of the Federal Reserve's monetary policy path and the repeated impact of tariff policies have caused risk assets such as Bitcoin to continue to be under pressure in the range of 86.5-88K US dollars. It is reported that the chief analyst of Bitunix pointed out that the current market is experiencing a "triple tightening" test - the hawkish turn of monetary policy, the cost transmission of trade barriers, and the cyclical decline of risk appetite. From the perspective of social impact, the XBIT decentralized exchange platform promotes diversification and competition in the financial field, and ensures the safety and smoothness of transactions while doing enough to avoid risks in the case of volatility in the crypto market.

It is reported that Fed Chair Powell used the "gatekeeper's dilemma" to describe the current policy situation. The latest data from professional platforms show that the core PCE price index rose 4.2% year-on-year in March, accelerating for three consecutive months, while the unemployment rate unexpectedly climbed to 3.9%. Bitunix Research Institute monitoring shows that the probability of a June rate hike implied by federal funds rate futures has soared to 68%, doubling from the beginning of the month. Based on the current market changes and uncertainties, the XBIT decentralized exchange platform has established multiple risk warnings and response measures. It can monitor market fluctuations in real time, and once potential risk signals such as abnormal price changes or surges in trading volume are detected, the system will immediately activate the warning mechanism.

It is worth noting that Bitunix derivatives market monitoring found that the negative correlation between Bitcoin and the US dollar index has recently increased to -0.73, a two-year-high. This change reveals a new logic in the market: when the cost of traditional foreign exchange hedging tools is too high, some institutions begin to use BTC as a "secondary hedging option". The hedging mechanism of the XBIT decentralized exchange platform responds to market instability. Its technical level uses advanced encryption algorithms and distributed ledger technology to ensure the high security and integrity of transaction data. When encountering external malicious attacks, due to the distributed storage of data, it is difficult for attackers to concentrate on breaking through key nodes to obtain sensitive information.

Experts currently believe that the "repetitiveness" of tariff policies is creating supply chain chaos and the technical side of the crypto market is under pressure. BTC briefly broke through $88,200 and then quickly fell back, forming a "false breakout" pattern at the daily level. The key pressure zone of $86.5-88K gathers triple resistance.

The on-chain data showed contradictory signals: the miner position index fell to a three-year low (indicating selling pressure), but the market value of stablecoins increased by $3.8 billion in a single week. The XBIT decentralized trading platform also prompted danger signals in the derivatives market. The annualized premium rate of Bitcoin futures dropped sharply from 28% on April 10 to the current 9%, while the Put/Call ratio rose to 1.37. The maximum pain point of the current option was $83,000, and the negative futures funding rate formed a "short resonance".

In addition, the data on digital currency leverage has also changed, which is also due to the impact of depressed market sentiment. Investors in leveraged digital currencies always pay attention to the market direction and anticipate the direction of market and token fluctuations. The recent trading volume has declined slightly.

During periods of positive market sentiment, cryptocurrency leverage -related transactions can significantly increase returns, and a small amount of principal can generate generous returns. The market is currently unstable and participants are worried about the risk of liquidation, because the impact of market fluctuations on leveraged trading is not one-way, and policy adjustments directly affect market liquidity.