European interest rate hikes three consecutive times? The global liquidity tightening alarm has sounded, are our safe havens still there? Brothers, the latest pricing data in the currency market is now clear: the European Central Bank is very likely to raise interest rates three times this year! The logic couldn't be clearer: the United States is shrinking its balance sheet, Europe is raising interest rates, and the global liquidity “water tap” is collectively tightening. When traditional fiat currencies' interest rates rise, funds in exchanges will inevitably experience a siphoning effect, which is a hardcore stress test for all risk assets. But I always feel: true strength never fears the baptism of winter, because only during the tide's retreat can we see who is swimming against the current.