Agent of "1011 Insider Whale": Insufficient evidence to attribute short-term declines in ETH or US stocks to the Greenland incident Odaily Planet Daily News: Garrett Jin, the agent of the "1011 Insider Whale", stated in an article on X platform that although the Greenland incident has received attention recently, analysis shows that the decline in the US stock market on Tuesday was 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 micro level industry rotation logic, rather than macro panic selling. The main driving force of global asset volatility is the selling of the bond market: the decline of European and US treasury bond bonds was partly affected by the news of Greenland, but more importantly, the bearish forecast of the prospect of the US dollar and US bonds in the Saravelos report of Deutsche Bank triggered concerns about the rebalancing of the US dollar. The decline of Japan's treasury bond was an independent event, because the Japanese Prime Minister proposed to cancel the food consumption tax, which led to the reduction of JGB holdings by pension funds and other institutions. Later, Japanese financial institutions intervened and stabilized the market after the meeting of finance ministers. US Treasury Secretary Bessent publicly stated that Deutsche Bank denies supporting the analyst report and has taken measures to stabilize the US bond market to prevent any impact on the credibility of the US dollar, US inflation, and fiscal stability. Subsequently, Trump also stated that he would not take military action against Greenland, causing a rebound in the US stock market. If the short-term decline of ETH or US stocks is attributed to the Greenland event, there is a lack of sufficient evidence. The core factors are still as follows: 1. The decline of the US stock market is due to the internal rotation of the science and technology sector 2. Trump declared to calm the market 3. The US and Japanese authorities actively intervened to stabilize the treasury bond market. Market participants should pay attention to the volatility of the bond market and macro policy signals, rather than simply taking political events as the main cause of short-term asset prices.