🚨 WARNING: CHINA IS BREAKING THE SYSTEM! China ordered banks to totally cut U.S. Treasury exposure. - Jun 2019: China dumped $120B - May 2022: China dumped $176B - Nov 2025: China dumped $298B THIS IS A DOLLAR EXIT SIGNAL. The Treasury market is the base layer of everything. If confidence in that base layer gets weaker, the whole stack gets weaker. This did NOT start today. It has been building for years. China’s U.S. Treasury holdings peaked at $1.316 TRILLION in November 2013. Then the exit started. - Jun 2019: Japan passed China as the top foreign holder - May 2022: China was down to $980 BILLION - Nov 2025: China was down to $682.6 BILLION, the lowest since September 2008 That's a $633.4 BILLION reduction. Almost half the position is gone. The plan is simple. - STEP BACK FROM U.S. DEBT - REDUCE DOLLAR RISK - KEEP MORE CONTROL AT HOME That one fact explains a lot. Because when a buyer this big steps back, the Treasury market needs someone else to take the other side. And when the market needs a new marginal buyer, yields usually need to go higher. That is where the real damage starts. Because higher yields do one thing. - They raise the cost of money - They pull liquidity out of the system - They squeeze risk THIS IS NOT GOOD AT ALL. Beijing has been reducing its Treasury exposure gradually for years, while regulators have now told financial institutions to curb that exposure because of concentration risk and market volatility. Markets are NOT pricing the next step now. But they will. I’ve studied macro for 10 years and I called almost every major market top, including the October BTC ATH. Follow and turn notifications on. I’ll post the warning BEFORE it hits the headlines.(Wimar.X)