QCP published an analysis that pointed out that the global risk aversion caused the stock market, gold and bitcoin prices to fall, and the rumors of stagflation on Wall Street intensified. While it is too early to confirm the stagflation trajectory, the market's reaction to recent developments indicates that market unease is growing. Long dollar positions are starting to reverse, the recent crash has forced traders to reduce their exposure, BTC continues to align with the downward trend of risky assets, and ETF fund outflows confirm a lack of confidence. In a volatile market, cryptocurrencies remain the first asset to be liquidated as traders scramble to reduce their exposure. Caution is advised, and the market remains fragile.