Recent market trends are showing an unprecedented divergence:

  • US stocks continue to rise, but the US dollar index is unusually flat

  • US Treasury yields are rising instead of falling

  • Asian currencies have suddenly surged collectively

This phenomenon of traditional correlation breaking reveals that global capital is restructuring its allocation logic. Funds are not simply observing but are withdrawing en masse from the US dollar system.

"Dollar Tide 2.0" has quietly started:

  1. Institutional funds completed their layout as early as the interest rate hike cycle

  2. Retail investors have become the main force in the current US stock market (Goldman Sachs data shows that retail holdings have reached a historical high)

  3. Traditional safe-haven assets (gold/yen) are showing signs of liquidity exhaustion

  4. Funds are beginning to flow into marginal currencies such as the Hong Kong dollar and Thai baht, creating a "shanzhai coin effect" similar to the cryptocurrency market

The market is voting with its feet, seeking survival space outside the US dollar system:
√ Buffett continues to increase his stake in Japanese trading companies
√ Central banks around the world are buying gold at record levels
√ Total market capitalization of cryptocurrencies exceeds $2.5 trillion

The essential contradiction in the current market:
Declining dollar credit vs. global capital seeking value anchoring

Investment opportunities are brewing in three dimensions:

  1. Cryptocurrencies (especially severely undervalued altcoins)

  2. Commodities (especially strategic resources)

  3. Non-US sovereign assets (core assets of emerging markets)

Key insights:
The rise of Bitcoin is essentially a mirror of the US dollar credit system — we are not earning the dividends of technological progress but rather the countervalue of the decline of fiat currency systems.

Action recommendations:

  • Immediately reassess the currency risk exposure of the portfolio

  • Focus on alternative asset classes that are continuously attracting funds

  • Maintain sufficient liquidity to cope with potential market volatility

Historical turning points are often fleeting; when mainstream media starts discussing "bull markets," the real window of opportunity has already closed. The key now is not to predict but to be prepared for various possibilities.

#美国稳定币法案 #比特币战略储备