The recent release of the United States CPI data (Consumer Price Index) and ongoing conflicts have stirred up confusion and struggle in the cryptocurrency market. Despite predicting Bitcoin's surge and drop, an analyst has now become bearish about tech stocks and cryptocurrencies due to unexpected inflation and high bond yields. According to Markus Thielen from 10X Research, the risk assets are on the brink of a severe price correction given the current economic climate, especially with the bond market's projections increasing and 10-year Treasury Yields above 4.50%. Thielen's decision to sell tech stocks and remain bearish on risk assets like stocks and cryptocurrencies has drawn attention in the market.

Furthermore, the recent slump in the cryptocurrency market, with Bitcoin experiencing a significant downside momentum, is a cause for concern. The world's biggest cryptocurrency has suffered notable losses, partly due to diminishing expectations of an interest rate cut. Traders speculate on the Federal Reserve's decision to maintain interest rates, which has influenced market sentiment. In light of these developments, a crypto whale made a substantial sale of Bitcoin at a loss, pointing to the uncertainties in the current market conditions.