@niuma741
In uncertain global economic conditions, interest rate changes and inflation are key macro factors impacting crypto fund flows. Rising rates boost fiat holding yields, reducing risk-on appetite for cryptos and triggering outflows, 施压 prices. Conversely, rate cuts may drive capital toward crypto as an alternative. High inflation can increase demand for crypto as a "hedge," but if coupled with recession fears, panic selling may dominate. Dollar strength also matters—strong USD often correlates with crypto price declines, as assets priced in USD face headwinds. These factors create a tug-of-war between hedging demand and risk aversion.