According to online reports, QCP issued an analysis pointing out that global risk aversion has caused stock market, gold and bitcoin prices to fall, and rumors of stagflation on Wall Street have intensified. Although it is too early to confirm the trajectory of stagflation, the market's response to recent developments suggests that market uneasiness is growing. Long dollar positions have begun to reverse, the recent crash has forced traders to cut exposure, BTC continues to align with the downward trend in risky assets, and outflows of ETF funds confirm a lack of confidence. In turbulent markets, cryptocurrencies remain the first asset to be liquidated as traders compete to reduce exposure, caution is advised and the market remains fragile.