"1011 Insider Whale" Agent: Lack of Sufficient Basis to Attribute Short-Term Decline in ETH or US Stocks to Greenland Incident
According to Odaily, Garrett Jin, the agent of the "1011 Insider Whale," posted on platform X stating that although the Greenland incident has recently garnered attention, analysis shows that Tuesday's decline in US stocks was primarily driven by internal rotation within the tech sector. AI-related stocks led the gains, while software and computer sectors faced pressure, reflecting micro-level sector rotation logic rather than macro panic selling. The main driver of global asset volatility is the bond market sell-off:
The decline in European and US government bonds was partly influenced by Greenland-related news, but more crucially, Deutsche Bank's Saravelos report's bearish outlook on the US dollar and US bond prospects triggered concerns over dollar rebalancing.
The drop in Japanese government bonds was an independent event, as the Japanese Prime Minister proposed abolishing the food consumption tax, leading institutions like pension funds to reduce holdings of JGBs. Subsequently, Japanese financial institutions intervened and stabilized the market after a meeting with the Finance Minister.
US Treasury Secretary Bessent publicly stated that Deutsche Bank denied supporting the analyst report and took measures to stabilize the US bond market to prevent impacts on the credibility of the US dollar, US inflation, and fiscal stability. Following this, Trump also expressed that he would not take military action against Greenland, leading to a rebound in US stocks. Attributing the short-term decline in ETH or US stocks to the Greenland incident lacks sufficient basis. The core factors remain:
1. The decline in US stocks stems from internal rotation within the tech sector
2. Trump's statement reassured the market
3. US and Japanese authorities actively intervened to stabilize the government bond market
Market participants should focus on bond market volatility and macro policy signals rather than simplistically attributing political events as the primary driver of short-term asset prices.
