1. The yield curves of major economies around the world have turned positive for the first time since 2022. The difference between 2-year and 10-year bonds in the United States, the United Kingdom, Germany, and Canada has begun to turn positive. The global large-scale #降息 cycle is doomed to begin. Is this a signal of a global economic recession?

2. The S&P 500 index is currently at 5,700 points, which is more than 300 points higher than the highest price target set by Wall Street strategists at the end of 2024, and 18% higher than the average target of 4,861. Based on the individual data, does it mean that the valuation is too high?

3. You may be concerned about the policies of the Qing Dynasty. Recently, the Qing Dynasty withdrew its stimulus measures, which caused the stock market to rise by 4%, which may be beneficial to #commodities. Please also check the following content (Figure 1):

a. Lower interest rates, which suggests more rate cuts are coming

b. Cut mortgage rates on over $5 trillion

c. Relaxation of regulations on purchasing a second home (Will you take over the property?)

d. Reduce banks’ statutory reserve ratios and release new liquidity

e. Promises to provide more than $100 billion in stock market support)

Personal analysis: This will be completely beneficial to gold and Bitcoin

4. We should note that the next Fed #fomo meeting and the presidential election are both held in the same week. Historically, volatility rises by 25% from July to November in election years. Add to that another major decision by the #FederalRepublic, and we are likely to face volatility, so I suggest that all cryptocurrency traders quit while they are ahead (Figure 2)

5. An interesting phenomenon is that liquidity continues to flow into the market nine months after the first rate cut by the Federal Reserve. If history is repeated this time, does it mean that the main wave of the#Bitcoinbull market will need to be extended to May-June 2025? (Figure 3)

6. Let's talk about Bitcoin. Currently #BTC☀️ is below 65K. The liquidity is tightest between 65K and 62K. The spot market has not shown serious weakness, but the contract is still dominated by shorts. Of course, the dominance of shorts indicates that the market may have an upward trend.

7. The market price of Bitcoin $BTC depends largely on the mining cost. From the historical data, the price will not be lower than the 30-day moving average mining cost for a long time.

8. Nvidia's third largest shareholder just sold $235 million worth of #NVDA stocks to cash out and walk away. It seems that what you get is real! (Figure 4)

9. An ancient Bitcoin whale just transferred 5 BTC to the Kraken exchange

10. Just now, the current CEO of Binance said that the historical transaction volume on#Binanceexceeded 100 trillion US dollars earlier this month