Macroeconomic Developments: According to BlockBeats, on March 23, escalating geopolitical conflicts in the Middle East significantly cooled investor risk appetite, and market concerns about global inflation and economic growth continued to rise, putting downward pressure on copper prices. LME copper fell 1.8% on Monday, following its largest weekly drop since April 2025 (6.7%) the previous week, currently hitting a more than three-month low. Analysts believe that the four-week-long conflict with Iran has pushed... Many people only focus on news within the crypto world, but in reality, the macroeconomy is what determines the overall direction. Interest rates, the US dollar, and inflation—these three variables determine where funds flow. Cryptocurrency prices may be driven by sentiment in the short term, but in the long run, they will definitely follow liquidity.