As of the latest data on $BTC , China reduced its holdings of US Treasury bonds by 8.2 billion dollars in April, bringing its total holdings down to 757 billion dollars, the lowest level since 2009! Amid the escalation of the China-US trade war, Beijing is accelerating the diversification of its foreign reserves, with gold reserves increasing for seven consecutive months, clearly aiming to 'decouple' from the dollar.
⚠️ Is American credit collapsing?
Moody's has just downgraded the US sovereign rating from Aaa to Aa1, with the three major rating agencies collectively 'removing stars' for the first time in history! With 36 trillion in national debt pressing down, interest payments are about to consume the entire annual fiscal budget, even the Federal Reserve is panicking—lowering interest rates to rescue the market? Inflation rebounding? Both options are fraught with risks.