Recently, global assets (such as US stocks, gold, cryptocurrencies, and the Nikkei) have almost simultaneously experienced significant declines—such as the S&P 500 breaking below the 50-day moving average, gold falling below $4,000 per ounce, Bitcoin dropping to $90,000, Ethereum declining to $3,000, and the Nikkei 225 falling by about 3%.

• Index breaking below the 50-day moving average: This technical level breach will trigger market signals, indicating that the trend may shift from upward to consolidation or downward.

• Gold falling below $4,000: Although it is just a psychological barrier (round number), investors often refer to this, and once breached, it may shake confidence.

• Bitcoin dropping below $90,000 / Ethereum falling below $3,000: Similarly, this is a “psychological barrier + technical level,” and a downward breach may amplify selling pressure.

• Nikkei falling by 3%: Reflects a phenomenon of high global market correlation and a rapid decline in risk appetite.

From the perspective of the “synchronous decline,” the market is in a state of rapidly declining risk appetite, valuation adjustment, and changes in liquidity/policy expectations. If it were just a single market downturn, it might be due to local factors; however, with multiple asset classes and markets simultaneously weakening, it indicates a broader signal.

During periods of extreme volatility, market participants will sell relatively liquid risk assets (including cryptocurrencies) to meet margin or allocation demands, leading to a simultaneous decline in different asset classes.

Through exchange rates, interest rates, and capital flows simultaneously suppressing stocks, gold, and cryptocurrency assets, this results in the “multi-asset simultaneous breach of psychological barriers” phenomenon that you see.