Insider Whale Agent: ETH's Short term Decline in US Stocks Not Fully Linked to Greenland Event

Garrett Jin, the agent of "1011 Insider Whale", posted on X platform that the recent decline in the US stock market is mainly driven by internal rotation in the technology sector, with AI related stocks leading the gains and software and computer sectors under pressure. This belongs to the logic of industry rotation rather than macro panic selling. Global asset volatility is mainly affected by bond market sell offs, with Deutsche Bank's bearish forecast for the US dollar and US Treasury outlook being a key factor. Japan's treasury bond bonds fell as the Japanese Prime Minister proposed to cancel the food consumption tax, which led to the reduction of institutional holdings. The statements of the US Treasury Secretary and Trump have stabilized the market. Garrett Jin believes that attributing short-term declines in ETH or US stocks to the Greenland event lacks sufficient evidence, and the market should pay attention to bond market volatility and macroeconomic policy signals.