Crypto markets remain under pressure as macro fears outweigh fundamentals. Bitcoin ETF outflows, rising Treasury yields, and renewed US-Iran tensions triggered a broad risk-off move, dragging BTC below key support and hitting altcoins even harder. Most majors are seeing leverage flushes and defensive positioning, while stablecoin inflows suggest traders are moving to the sidelines rather than fully exiting crypto. Still, long-term structural trends remain intact: * ETF infrastructure continues to grow * Stablecoins and tokenization are expanding * ETH staking and institutional adoption keep advancing * Select narratives like RWAs and AI infrastructure are still attracting capital For now, macro drives price action. Watch ETF flows, the US dollar, Treasury yields, and Bitcoin's ability to hold support — they'll likely determine the next major move.