News: The crypto market experienced a significant downturn today, with Bitcoin plunging below $28,000 and hitting a two-month low. This sharp sell-off was largely driven by renewed concerns over inflation and the potential for further interest rate hikes, as indicated by hawkish Federal Reserve minutes. Over $1 billion in crypto liquidations occurred, primarily affecting long positions, signaling extreme bearish sentiment. While Coinbase received approval for crypto futures, this positive development was overshadowed by the broader market decline and macroeconomic headwinds.

Market Probabilities: 
Bull 15% | Base 35% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "A large volume of liquidations signals extreme bearish sentiment and forced selling, which typically"}