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無名先生
Influential Creator
降息预期已经消失，流动性在收紧，长端收益率在发出压力信号。日本和中国在减持美债，指数靠少数 AI 权重股撑着。
#BTC 和股票、黄金共享同一批流动性。如果长端收益率继续走高而增长放缓，所有风险资产会同时承压。这不是“抄底”的场景。
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