Orange Evening Interpretation 2.21 The rise of the east and the fall of the west led Chuanzi to come to power with a ferocious operation, a tariff stick and a doge. Being pro Russian and open to Europe, he turned geopolitics into a business, which made the economic uncertainty of the United States and the United States draw a huge question mark. After some operations, capital felt that China was still a normal country, and had been doing more in China. This was just the recent take-off of Hong Kong stocks. It felt that all countrymen should thank him. Biden had done away with China! It's really rising in the east and falling in the west. Hong Kong stocks have taken off collectively. I looked at the recent performance of Hong Kong stocks. The Hang Seng Index has risen by 25% in the past month, and has been rising for four consecutive weeks. Today, it's up 3.72% again. Alibaba has risen from bottom 80 to current price 140 in the past month, Xiaomi has risen from 34 to 51, and Tencent has risen from bottom 380 to current price 514. I feel that after taking office, Chuanzi's actions were as fierce as a tiger, hitting various tariff sticks and wiping out the expectation of interest rate cuts, causing the US stock market and currency market to be depressed recently. On the contrary, Chinese technology companies have been activated. This shows that even if the US stock market has been booming for more than a decade, Chuanzi's chaotic behavior cannot help but bring uncertainty, especially in dealing with the Russia Ukraine issue. He directly labeled Ukraine as a country that provoked the war, and demanded 50% of the profits from Ukrainian rare earths, which directly affected the old men and turned the geopolitical relationship into a business. In addition, the relationship with the European Union has directly broken down. In short, Chuanzi has brought too much uncertainty to the world. Originally, Biden's four-year term saw the domestic economy and foreign trade being tightly suppressed by the United States. This wave of policies implemented by Chuanzi, who took office, were basically aimed at opposing Biden, There is a feeling of desperation for revenge. China has become one of the few relatively normal countries in the world. No wonder JPMorgan Chase has jumped out to expand China. I have a hunch that there will be a wave of stock market boom in China next, and it is possible to run out of the leading positions of the 7 sisters in the benchmark US stock market. Now the market value gap between the benchmark US and China technology companies is about 10 times. Maybe Chuanzi will rise after such a toss. Speaking of the cryptocurrency market, the trend has been good these past few days. The big pie has finally emerged from the quagmire, breaking through 9 million yuan today, and according to the trend, it will hit 10 million yuan again this weekend. However, there are still some hidden dangers, mainly in terms of funding. Taking Bitcoin ETFs as an example, there have been three consecutive days of capital outflows, with a net outflow of 360 million US dollars last night. The four main players, ibit FBTC, ArkB, and GBTC have all experienced capital outflows, which is not a good thing. It indicates that the funds that entered the market before have started to flee, and the subsequent attractiveness of encryption has decreased. The entire market is filled with risk aversion. If the funds stop entering the market, it will be difficult to reach a new high in the big pie. We hope that the funds in the circle will not have a chance, and the current leverage ratio of funds is also very low. Next, we need to see if micro strategies, BlackRock and other indicators can continue to increase purchasing power. In addition, FTX's compensation has already begun, and the compensation standard is basically based on the 1w8 of the big pie Sol 15 or so, the purchasing power added to the market under the background of this proportion of compensation is limited. After all, no one wants to take orders because of the high position. In public opinion, although Trump shouted "big cake" again last night, the credibility of Trump's mouth is getting weaker and weaker. WLFI's own money speculation is still losing money now; In terms of Ethereum, this wave is also following the trend of the market, with ETH/BTC still only at 0.028. However, there is good news that the new SEC is very interested in Ethereum staking. 21shares has submitted an application for an ETH spot ETF with staking function, but if this can pass, ETH should experience a wave of market trend; In addition, there are other cryptocurrencies that are about to issue ETFs. Currently, based on probability ranking, LTC is ranked first. Canary's LTC ETF has been listed on DTCC, and Bloomberg analysts believe that the probability of Wright being approved is 90%, while PolyMarket predicts a probability of 85%; The other is XRP, and the SEC will make a decision on the grayscale XRP ETF before October 18th. XRP ETFs such as Bitwsie, Canary, Coinshares, and 21shares are all waiting for review, and neither of them should have any pressure this year; In addition, there are also many ETFs from Doge, and the probability of going public this year is also high. In terms of other imitations, VC coins have recently taken off collectively, especially in the battle between $ip and $pi for the true and false Monkey King$ The complete victory of IP has made the market realize that VC power is much stronger than pure community CX projects. The current market is still dominated by capital, not grassroots communities supported by old ladies and gentlemen$ IP surged from a low of around 1.3 to 9 dollars in just 3 days, shattering the previous mockery of VC coins. Of course, there may also be a $pi auntie who rushed her money to OK and found that there was no pi coin, while the top ranked one was $ip, so she angrily bought the IP as pi's own mistake; In addition, $s continues to show strong performance. This wave is mainly due to the fragrance of Shadow's mining industry. Who can bear the 25% profit of daily chemical products? This trend is very similar to Avax in 2021. At that time, after the launch of $qi, various capital began to withdraw Avax from the exchange to the chain, and of course, the trend of the front-end time can also be compared. In short, $s is at the helm of AC, so there will definitely be no shortage of good products and innovations in the future, which can continue to be monitored; In addition, the trend of mkr tia near sei ray move fet jup today is also good, and the listing of jto arkm on UPbit has also caused a wave of excitement. The market narrative is beginning to return to blue chip projects on CEX, so young players on the chain can focus their energy back on CEX level 2 appropriately.