#美国加征关税 Brothers, the morning report is here!

Waking up, the cryptocurrency circle has produced quite a few new developments. Trump's recent actions are quite interesting — the tax increase deferral period has been extended to August 1, and he has slapped a 25% tariff on Japan and South Korea, while South Africa and several Southeast Asian countries are also facing tariffs of 25%-40%. However, there's good news from the EU, as trade negotiations are progressing smoothly, allowing for a moment of relief.

As soon as the news broke, U.S. stocks initially dropped in respect, with valuations falling by about 1%. U.S. Treasury bonds are in even worse shape, especially long-term bonds, which are incredibly weak. Previously, when U.S. Treasury yields rose, funds would rush in like sharks sensing blood, draining liquidity from the cryptocurrency market. But now the trend has changed — the higher the U.S. Treasury yields, the fewer people are stepping in, and funds are starting to flow into Asian stock markets and BTC instead, with the American Beautiful Act accelerating this trend.

The ETF market has been quite strong recently, with inflows of $400 million, $600 million, and $50 million in the past three days. However, Coinbase saw an outflow of 10,000 BTC yesterday, which is something to keep an eye on.

In short, we are just waiting for Trump's tariffs to take effect. The EU is basically stable, and other smaller countries can be temporarily ignored; the focus should be on the situations in Japan, South Korea, and here. The intentions of the market makers are quite clear — before the tariffs for these key countries are finalized, they will certainly not easily push the market up — they are also waiting to see if there will be a final dip; if it comes, it would be a perfect opportunity to absorb more chips.

So, be patient, the best is yet to come, and right now is just a frustrating phase. Once this wave of certainty lands, what is meant to come will come ☕️