Overall, the asset market seems to be sending signals of an upcoming change.
Even though big tech stock prices appear weak, NVIDIA and Broadcom have shown strong movement, driven by Google’s plan to invest in its infrastructure. The dollar is weakening, and 10-year bond yields are falling. High-yield bonds and TLT (Treasury ETFs) look strong, and gold prices remain resilient.
While we can expect a short-term market rebound, it seems that overall funds are flowing into safer areas like TLT or bonds. This shift suggests that investors are becoming more cautious about riskier assets.
This may be a time for us to exercise caution. Last week, the crypto market experienced one of biggest liquidation show in history, largely driven by CEXs and market makers like Wintermute. However, nobody can confidently declare that this show is over.
If we witness a massive downturn across the broader asset market, crypto could also face a significant impact. While BTC has the potential to act as a safe-haven asset like gold, there is still no certainty about its ability to hold that role consistently.
Solana and other reliable coins, along with their chain ecosystems, may continue evolving independently. However, they are not entirely immune to broader market influences.
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