The global market is witnessing a silent "water grabbing battle"—the U.S. Treasury has frantically sold $125 billion in government bonds and $40 billion in corporate bonds within four days before the bond market closes, pulling nearly $1.7 trillion in liquidity; meanwhile, China simultaneously issued $4 billion in sovereign bonds in Hong Kong, with yields on par with U.S. Treasuries but receiving a warm welcome, revealing the implicit optimism of overseas funds towards China's credit. At first glance, these two seemingly unrelated events actually expose a harsh truth: all players are desperately scooping water from the parched liquidity pool, even Bitcoin is unable to rise due to "lack of water." The recent actions in the U.S. resemble walking a tightrope, with political games and the debt ceiling forcing the TGA account to eventually open floodgates, while the Fed's balance sheet expansion is imminent. Do not fantasize about a big pump right now; remember the only survival rule: hold cash tightly and wait for water to come, only those who survive can enjoy the next wave of festivities. #GateWeb3LaunchpadBOB上线 #加密市场回调 #广场发币瓜分千U奖池