Market dumping, panic selling, liquidity exhaustion! Directly breaking through the $66,000 mark for Bitcoin.

The war continues, panic does not cease.

The war in the Middle East is escalating, the U.S. continues airstrikes on Iran, Iran is crazily blocking waterways, retaliating continuously, both sides are unyielding, with no signs of a ceasefire, global risk assets are fleeing madly, safe-haven sentiment is at an all-time high.

Global bond market explosions, financial tsunami is coming.

Japanese government bond yields hit historic highs, U.S. long-term bond yields have skyrocketed, the MOVE index has surged violently, bond market volatility is completely out of control! The energy crisis has triggered inflation panic, the market votes with its feet, selling off crazily, the global financial system is shaking intensively.

The Federal Reserve has completely gone hawkish, liquidity is being directly drained.

The market has already priced in: a complete interest rate cut to zero by 2026, the probability of rate hikes this year has soared to 48.6%, Powell is determined to tighten to the end, crazily tightening liquidity, choking off risk assets, there is no water, no funds, no expectations, all high-risk assets are being liquidated, a crash is inevitable.

My core judgment: keep a close eye on every word of Trump.

He publicly stated yesterday: the stock market's decline is not a big deal.

His attitude is indifferent, showing that the current decline is completely within his tolerance, and saving the market is a long way off.

Only when he personally changes his tone and declares that the market is undervalued, presenting a great buying opportunity, will it be a signal for a counterattack. Before that, the market will fluctuate greatly with repeated spikes.

Only after surviving this round of washout can we welcome the true dawn.