II. Now, it is seen as a turning point
What is the market doing now? It is trading uncertainty.
After Trump takes office in early 2025, the market has been in a wild, chaotic rhythm, entertained to death and rolling up and down, with no one knowing what the next phrase out of his mouth will be, and the market begins to trade the increasing uncertainty of the entire dollar system.
External: The shaking of the dollar system
Trump's policies—tax cuts, tariffs, and energy deregulation—have led the global risk market to sense a change. The dollar's status as a anchor asset is no longer solid, and the market begins to reduce exposure to dollar assets.
Buffett has publicly stated that his confidence in the dollar is shaking, and Berkshire hoarding cash is clear evidence. Global capital flows are shifting from "stability" to "unknown," and the trading logic that has prevailed for decades is being reshaped.
Internal: The crypto circle's wait-and-see and restlessness
The crypto circle is no exception. Large funds are testing back and forth between Bitcoin and altcoins, but no one dares to go All-in. The supply contraction story after the halving has been told, and the ETF funding story has also worn out; the market is waiting for a new "Trigger."
Bitcoin, possessing both risk attributes and relatively safe-haven qualities (hard currency, asset allocation), also seems to be exploring a little forward.
Summary: The attributes of Bitcoin are being reshaped and refined. #加密市场回调 #比特币战略储备
