Based on this post, Bitcoin has dropped about 10%, but since I was waiting for a better entry point, my short position didn’t go through. Currently, the total supply of stablecoins in the market is steadily increasing, but the surge in 10Y Treasury yields is suppressing the performance of high-risk assets. The USDC exchange rate has started to show a premium, and there are signs of short-term swing funds retreating. The DXY is also rising, gold is dropping, and while funds are flowing back into the dollar, they also seem to be fleeing Treasuries—perhaps due to concerns about future rate hikes? U.S. stocks are facing significant pullback risks due to FUD over Middle Eastern capital outflows, and bearish sentiment about the U.S. is running rampant. If funds are withdrawing from U.S. stocks, gold, and Treasuries, are they really just going to sit in cash in the bank and collect interest? Funds never stay idle—some of it will inevitably flow into markets with higher returns. When you do the math, Bitcoin seems like the beneficiary: it’s already pulled back 50% from the top, and the bottom support is relatively solid. Under the current narrative of 'dollar assets,' as long as liquidity remains, there’s still potential for action.