Group 1 - The global cryptocurrency market recently experienced a significant drop of 5.66%, with Bitcoin's price falling from nearly $109,000 to $104,000, reflecting a 3.6% decline within 24 hours. Other major cryptocurrencies like Ethereum, XRP, and Solana also saw declines ranging from 6% to 15% [2] - The primary catalyst for the market downturn was the shattered expectations regarding the Federal Reserve's interest rate cuts, as recent data indicated higher-than-expected core CPI and rising PPI, leading to a 97.4% probability that the Fed would not cut rates this month [3] - The outflow of funds from Bitcoin ETFs added to market pressure, with a net outflow of $202 million on June 12, including $197 million from Fidelity's ETF and over $10 million from ARK Invest's ETF [4] Group 2 - High-leverage traders were particularly affected by the market crash, with approximately 247,000 traders being liquidated, totaling $1.15 billion. A notable liquidation involved a $201 million long position on Binance, raising concerns about further sell-offs if Bitcoin's price drops to $95,800 [5] - Technical indicators suggest that Bitcoin faced resistance around $106,000 and may drop to $102,000 if it fails to hold the $104,000 support level, indicating potential market uncertainty [6] - The altcoin market also suffered, with Ethereum dropping over 9.29% to around $2,508, and other cryptocurrencies like XRP and Solana experiencing significant declines. The altcoin quarterly index fell to 16, indicating Bitcoin's continued dominance and a lack of recovery signs for altcoins in the short term [7] Group 3 - The recent cryptocurrency market crash is attributed to the combination of failed Fed rate cut expectations, ETF fund outflows, and leverage liquidations. Market indicators and sentiment suggest that the market may continue to face pressure in the short term [8]