Recently, the United States announced additional tariffs, triggering a global risk-off sentiment and causing a sharp decline in the crypto market. BTC dropped below $90,000, ETH fell back to $2,226, market sentiment entered an "extreme fear" state, with the Fear & Greed Index dropping to 16. Liquidation data shows significant liquidations of $1.12 million for BTC and $0.9057 million for ETH in the past week, with institutional funds accelerating their exit. Contract market data indicates a continuous decline in the long/short ratio of BTC and ETH, investor confidence is weak, and the market still faces further downside risks. AI predicts that the short-term market will remain under pressure, and advises investors to focus on market liquidity, changes in the US Dollar Index, and macroeconomic policies to assess whether the market is stabilizing.