On Tuesday, influenced by former President Trump's repeated threats to impose additional tariffs, the US stock market plummeted. The Dow Jones Industrial Average, Nasdaq, and S&P 500 indices fell by 1.75%, 2.4%, and over 2%, respectively. Market analysis indicates a "risk-averse" sentiment, linking this sell-off to turbulence in the Japanese bond market, with the 30-year Japanese government bond yield soaring by 26 basis points. Bitcoin's trading price dropped below $90,000, breaking through the long-term trend line. Currently, it is behaving like a risk asset and may enter a short-term downtrend.

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