I increasingly feel that the real turning point in this market may have begun to emerge. In the past few months, the market has been trading in a very simple chain: Hormuz blocked → high crude oil prices → resurgent inflation → global central banks forced to raise interest rates → pressure on risk assets. But in recent days, a completely opposite force has begun to emerge in this chain. The Federal Reserve's interest rate hike has already landed, and the Bank of Japan continues to raise interest rates. When high oil prices really begin to spread to inflation, interest rates, and the economy, the attitudes of the United States, Japan, and South Korea towards the issue of crude oil become increasingly urgent. The United States continues to release strategic oil reserves, Japan has already used its inventory to ensure supply, and South Korea has even begun discussing participation in shipping safety in the Strait of Hormuz. More noteworthy is the diplomatic aspect. One of the core issues in the talks between China and Iran is to restore navigation in the Strait of Hormuz as soon as possible; The US and Iran have reopened the negotiation window, with Iran even proposing to reopen Hormuz within a week if the US eases military pressure and lifts port blockades; In the upcoming China US talks, Iran and energy issues cannot be avoided either. So when I look at these things now, I won't take them apart. The real turning point is not any negotiation. But when high oil prices eventually push towards inflation and interest rate hikes, for the first time, all parties have strong enough momentum to bring crude oil back down. Today, the market has actually started trading this' reverse force ': Hormuz eases → crude oil falls → inflation expectations cool down → marginal pressure to raise interest rates decreases → risk assets regain support. If this logic continues to be implemented, I believe the most worthwhile thing to trade next may no longer be to continue chasing high crude oil prices, but to seek opportunities for reversal after this macro turning point. ———————————— Recently, MSX has been running the "Autumn Gold Rush" event, where both RWA spot and contract trading can participate, with a prize pool of 50000 USDT, as well as rewards such as iPhone DUO/iPhone 18 Pro, APPL, and limited edition gold notes. Activity 1: Golden Autumn Spot Gift | Divide 10000 USDT and receive up to 300 USDT Total prize pool: 10000 USDT contract experience bonus Rule: During the event, if the cumulative RWA spot trading volume is ≥ 100 USDT, you can participate in the corresponding level prize pool allocation, and a single person can receive a maximum of 300 USDT contract experience bonus! Event 2: Golden Autumn Contract Gift | Compete for 40000 USDT to Win iPhone Duo and Limited Edition Gold Coins During the event, if the cumulative contract trading volume reaches the specified threshold, there is a chance to win prizes such as iPhone DUO and MSX limited edition gold notes, with a total prize pool value of 40000 USDT! Activity 3: Golden Autumn Lucky Gift | Surprise Bonus, draw MSX limited merchandise During the event, meeting any of the following conditions will automatically qualify for the lottery without the need for manual participation: Accumulated RWA spot trading volume ≥ 100 USDT; Accumulated contract trading volume ≥ 1000 USDT.