The crypto market experienced significant selling pressure, reflected by the Binance Spot-Perpetual price gap reaching -59.14 USD, a new record low. This negative sentiment was triggered by the latest US macroeconomic data from the FED, including projections of interest rate cuts and inflation expectations.

Not only the crypto market, stocks also experienced a sharp decline with the market capitalization shrinking by $1.8 trillion in a day, the worst since March 2020. However, in previous bull cycles, this price gap has often reversed direction.

History shows that this negative extreme can be a good buying opportunity, as market sentiment tends to recover after overreacting. Optimism towards BTC remains amid this uncertainty.