"1011 Insider Whale" Agent: Ethereum's short-term decline cannot be attributed to the Greenland event

PANews January 21 News, the agent of “1011 Insider Whale” Garrett Jin posted on the X platform that the decline of the US stock market on Tuesday is not strongly related to the Greenland incident. Although the US stock market declined on Tuesday, the leading sector was related to artificial intelligence. In principle, this is merely a sector rotation within the technology industry driven by fundamentals, which is a micro-level logic and not an obvious panic sell-off driven by macro factors. The sell-off in the global bond market was the main driver of asset price fluctuations that day. The decline in European and American bonds was related to the Greenland incident, while the decline in Japanese government bonds was triggered by an independent event where the Prime Minister proposed to cancel the food consumption tax. Today, Japanese financial institutions announced market stabilization operations, and the Finance Minister also held talks with the US side to soothe the market, leading to a rebound in Japanese bonds. The main reason for the volatility of European and American bonds was a report by Deutsche Bank analysts bearish on the dollar and US bonds, which triggered market concerns about reallocation of dollar assets. The US Treasury Secretary later responded that the CEO of Deutsche Bank had called to express disagreement with the report’s views, aiming to prevent a potential dollar credibility crisis caused by a sharp sell-off of US bonds. Subsequently, Trump stated that he would not use force against Greenland, and the stock market rebounded accordingly. In summary, if the short-term decline of ETH is attributed to the Greenland incident, the basis is not solid: the main reason for the US stock decline is sector rotation within the technology sector; Trump has begun to reassure the stock market; and the US and Japanese finance ministers have also taken action to stabilize the government bond market.