The decline on Sunday was as I expected. Why?

In fact, the price of Bitcoin has recently shown a certain correlation with the US stock market, especially the closing price on Friday. The Nasdaq and S&P 500 indexes both showed bearish signs before the close of Friday, and the Nikkei index in the Asian market also showed a downward trend after the plunge on Monday last week, which set the tone for the closing trend of the US stock market on Friday.

More importantly, the market is uncertain about the upcoming CPI and PPI data. As key indicators for measuring inflation, these data have a significant impact on investor sentiment and market expectations.