Today's big dump has finally found the real culprit.

Don't be misled by those outrageous rumors—what sudden new policies in the country? If that were true, there would have been a big dump over the weekend, why would it even come to Monday? Even more ridiculous is that some people say Powell is being forced to resign. Please, he's well-known for being tough, his term doesn't end until next June, and at this critical moment, he's going to walk away voluntarily? At least when making up stories, some basic logic should be followed.

The real trigger is here: just after seven this morning, the Bank of Japan suddenly released signals—interest rate hikes may be on the horizon. The moment the news hit, the yen surged against the dollar in a direct plunge, and the crypto market almost simultaneously crashed. Just look at the timeline, it’s spot on, this is the answer.

Why is this thing so deadly? To put it simply: the global market is like a giant swimming pool, and for the past few years, the Bank of Japan has been desperately pouring in water, making the liquidity in the pool nearly overflow. Now it suddenly says it wants to turn off the faucet, and even start draining water out, how can the water level in that pool not fall? This is not just a one-time plunge today, but a complete shift in market expectations — another core source may be about to dry up.

I am now hoping that the US can exert some pressure so that Japan doesn't play too rough. If liquidity continues to tighten, the market really can't hold on for long. Of course, this is just my personal speculation; if you think it's wrong, feel free to argue. But let's not waste time on those baseless rumors.

After so many years of mixing in this field, what I rely on is not believing in rumors or spreading them, but recognizing the timeline and underlying logic. Only by staying steady can one go further.