#数字资产市场动态 The global debt landscape is changing! China has reduced its U.S. debt holdings by over 680 billion in 13 months and has turned to aggressively stockpile gold, reaching 74.12 million ounces. Meanwhile, Japan and the UK are taking on more—this is not just debt restructuring but also reflects a fundamental divergence in the asset strategies of major powers.

When the credibility of traditional reserve currencies shows cracks, institutions and individuals have already quietly switched to defensive measures. The record high in gold reserves is just a surface phenomenon; the real undercurrent is in the "new track" of crypto assets. $BTC's role as digital gold is becoming clearer, and stablecoins are increasingly becoming a settlement channel bypassing traditional finance—these are gradually eroding the old order.

Global liquidity needs new destinations. In this massive asset migration, participants allocating to gold and cryptocurrencies are essentially betting on the future financial landscape over the next decade. From central banks to retail investors, those who master diversified hedging strategies will hold the keys to the next cycle. $ETH $BNB and other ecosystem tokens are also changing their allocation logic—they are no longer just trading tools but have become options for risk hedging.

Do you see through the gameplay of this wave of asset transfer?

(This discussion is for reference only and does not constitute any investment advice.)