The biggest noise in the market right now is the news about Japan raising interest rates. But to be honest, once the Fed starts cutting rates, this will basically be offset. The Fed already stopped quantitative tightening in December, and reverse repo operations have begun. Going forward, the pace of rate cuts will only become more frequent, and quantitative easing will follow sooner or later.

Recently, there have been rumors everywhere about MicroStrategy collapsing. I checked their published data, and the pressure from short-term interest payments in December is actually manageable. As long as the price of Bitcoin stays in an upward channel, the liquidation scenario simply doesn’t hold up. Some people are also hyping that if gold drops, Bitcoin drops, then USDT will crash as well—same old routine, just ignore this kind of narrative.

Right now, I can't think of any other substantial bearish factors. Unless some new proxy conflict breaks out between major countries, otherwise, once the Russia-Ukraine situation ends, market sentiment will bounce back immediately. Do you think there are any other possible black swans? If not, 2026 could be pretty crazy.