Given the current turmoil, I went through all the data we’ve been tracking before and here’s a quick update for everyone on the key points: 1. The total amount of stablecoins has recovered quite a bit from the previous low and is still at a relatively high level. 2. Although Bitcoin has dropped, last week actually saw a net inflow overall. The current price is around the previous bull market peak area, a strong support level, and there’s capital betting on it. 3. The U.S. 10-year Treasury yield has plunged significantly, which is favorable for risk assets. Could it be that Trump is close to achieving some strategic goal? 4. Not going into detail on other bearish indicators, but overall liquidity hasn’t worsened. The biggest factors remain the dashed hopes for rate cuts and Trump’s TACO indicator kicking in (causing chaos worldwide).