#美国非农就业数据表现优于预期 【Japan's bond market earthquake, the crypto world needs to be cautious】

Recently, a major event occurred - the yield on Japanese long-term government bonds has skyrocketed. The 20-year yield surged to 2.8%, while the 40-year yield is approaching 3.7%. What does this mean? The era of ultra-low interest rates that lasted for thirty years has come to a complete end.

Why is this matter so important? In recent years, the most enjoyable strategy for global investors has been "carry trading": borrowing yen at nearly zero cost and then buying various high-yield assets. Now that Japan is raising interest rates, this strategy has instantly failed, and a large amount of capital is frantically flowing back to Japan to repay debts.

The chain reaction has begun to manifest. Global liquidity is being drained at a visibly rapid pace, and high-leverage positions could collapse at any moment, putting pressure on the stock market, bond market, and crypto world.

The crypto world here is more troublesome. Once liquidity tightens, the market changes its face immediately. Those rallies that seem like a rebound could very well just be the last attempt to lure in buyers. Jumping in now to catch the bottom? The risk factor is skyrocketing.

My suggestion: don't rush to take action. Holding cash is the safest option, closely monitor the subsequent developments in the Japanese bond market, and wait for this liquidity crisis to ease before making any moves. Manage your position well, and make sure not to be the one who gets liquidated.

Only when the tide goes out can we see who is swimming naked.

$ETH $TRUST $PARTI

——Risk Warning: The current market is highly volatile, please be sure to carefully assess any investment decisions——