News: The crypto market remains under significant pressure, with Bitcoin hovering around the $20,000 mark. Macroeconomic fears, particularly concerning a potential recession and continued interest rate hikes by the Federal Reserve, are driving a broad sell-off in risk assets, including cryptocurrencies. Several major crypto entities, such as Three Arrows Capital and Babel Finance, are facing severe liquidity issues, exacerbating contagion fears and highlighting systemic risks within the DeFi and lending sectors. Miners are also scaling back operations due to high energy costs and low prices, impacting the network's hashrate.

Market Probabilities: 
Bull 20% | Base 40% | Bear 40%

Recommendations: 
Short-term: HOLD
Long-term: HOLD
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