Bitunix Analyst: BTC Breaks Below $74,000 — Crypto Enters Leverage Shakeout Phase
BlockBeats News, May 28th. Markets remain focused on "renewed inflation pressure" and "prolonged geopolitical conflict." Fed Governor Cook has explicitly stated she would support further rate hikes if inflation fails to cool as expected — signaling that internal Fed tolerance for a sustained "higher for longer" regime is rising. From energy prices to AI capex to global supply chain costs, markets are now growing concerned that a fresh wave of reflationary pressure may be forming.
At the same time, although Middle East negotiations continue, military conflict has not truly subsided. US forces have once again struck Iran-related military targets, and drone and shipping standoffs persist around the Strait of Hormuz. Trump has further emphasized that he will not ease sanctions on Iran and will not allow Tehran to control the strait. This means that even as markets entertain short-term "ceasefire" hopes, energy supply chains and global shipping risk remain in a state of high sensitivity.
On the equity side, capital continues to concentrate in AI and semiconductor names. SK Hynix's market cap has broken above $1 trillion, while TSMC is reportedly raising prices on its 3nm node — clear signs that AI demand is still pushing tech supply chain pricing and capex higher. But this is also raising a deeper concern: the AI boom itself is driving up global equipment, energy, and infrastructure costs, further reinforcing inflation stickiness.
In crypto, BTC has formally broken below $74,000, signaling that the market has entered an active leverage de-grossing phase. The liquidation heatmap shows substantial liquidity still piled at $75,800 and $77,800 — clearly defined pressure zones in the short term. Should the bid near $70,000 prove insufficient, the market may continue searching lower for a new equilibrium.
Against the backdrop of a hawkish-leaning Fed, escalating geopolitical risk, and tightening global liquidity, crypto remains visibly dominated by macro and risk-event flows.
