Market watchers are flagging growing concerns across three critical fronts: rising borrowing costs are tightening liquidity, equity markets are showing vulnerability, and monetary policy shifts are creating uncertainty. These pressures ripple through crypto markets faster than most realize. When traditional finance tightens, capital flows shift. When central banks signal hawkish moves or pivot unexpectedly, volatility spikes. Traders holding leveraged positions get hit hardest. The interconnection between macro headwinds and crypto volatility isn't always obvious to newcomers, but veterans know the playbook—watch the Fed, watch Treasury yields, watch equity futures. The narrative might flip fast depending on employment data or inflation prints. Stay alert.