#2026年BTC价格展望 $SXT Is there a global capital exodus? This time, it's no joke

Last night, the US markets staged a bloodbath. Stocks, bonds, and the dollar all fell simultaneously, creating a disturbing scene — Dow down 1.76%, S&P 500 dropping over 2%, Nasdaq plunging 2.39%, with tech stocks hit hardest.

The US dollar index also couldn't hold up, falling to 98.642, hitting a near two-week low. The most painful part is the US bond market, where the 10-year yield soared to 4.29% — the highest since August last year. Bond prices and yields move inversely, indicating frantic selling by bondholders.

Honestly, isn’t this just trading US assets? Denmark’s pension fund plans to liquidate $100 million in US bonds by the end of the month, citing concerns over the US fiscal situation. Some voices in the financial circle are also warning that such simultaneous collapse across multiple assets is usually seen only in emerging economies.

Gold and silver are soaring amid the risk-averse wave. COMEX gold futures for February delivery broke through $4700 per ounce last night, and prices are still climbing during Asian hours. This tells us that big institutions are voting with their feet — fleeing the US and piling into safe assets.

$AXS $ROSE

Interestingly, this scenario was predicted long ago. German banks analyzed that Europe might treat capital as a tool for retaliation, and Ray Dalio, founder of Bridgewater, hit the nail on the head — under trade wars, it’s really a capital war. Allies will gradually reduce their bond holdings in favor of hard currencies like gold and Bitcoin. History has repeatedly validated this logic.

From a crypto perspective, under this global capital reorganization, assets like Bitcoin and Ethereum, which are non-sovereign, will continue to gain appeal. Will the sell-off of US bonds spread to other markets? How much room is there for gold to rise after breaking through $4700? These are the issues to watch next.

What’s your take?