Brothers of $BTC , the morning report is here!

Waking up, the cryptocurrency market outside has come up with quite a few new activities. Trump's recent moves are quite interesting — extending the tax hike postponement period to August 1, slapping a 25% tariff on Japan and South Korea, while several countries in South Africa and Southeast Asia are also facing a tax rate of 25%-40%. However, there’s good news from the EU, trade negotiations are progressing smoothly, allowing for a temporary sigh of relief.

Once the news broke, US stocks dipped as a courtesy, with valuations falling around 1%. US Treasury bonds fared even worse, especially long-term bonds, which were incredibly weak. In the past, when US bond yields rose, funds would rush in like sharks sensing blood, draining the cryptocurrency market. But now the tide has turned — the higher the US bond yields, the fewer the buyers, and funds are starting to flow towards Asian stock markets and BTC, with the Great American Bill accelerating this trend.

The ETF market has been quite strong recently, with inflows over the past three days amounting to $400 million, $600 million, and $50 million respectively. However, Coinbase saw an outflow of 10,000 BTC yesterday, which should be noted.

In simple terms, we are now waiting for Trump's tariffs to be finalized. The EU situation is basically stable, and we can temporarily ignore other smaller countries; the focus should be on Japan, South Korea, and our situation. The intentions of the major players are quite clear; they definitely won't easily push the market up before tariffs are finalized in these key countries — they are also waiting to see if there will be one last dip, and if it comes, it will be just right to accumulate more chips.

So, be patient, the best is yet to come; we are now in a testing phase, and once this wave of certainty lands, what should come will eventually arrive ☕️