ASIAN STOCK MARKETS ARE RIPPING
JAPAN 225 is up 66% in last 1 year adding 2.0T USD to its mcap.
KOSPI is up 154% in last 1 year adding 1.3T USD to its mcap.
Taiwan index is up 93% in last 1 year adding 0.4T USD to its mcap.
In total 3.7T USD has been added only to these 3 asian indexes in last 1 year
$BTC.
Funding Rates are still NEGATIVE.
Big difference with the previous bearish consolidation phase.
We could still squeeze a bit higher.
But the local top is very close.
TARIFF UNCERTAINTY IS BACK! 🚨
President Trump has announced a 25% tariff on countries doing business with Iran, effective immediately.
At first glance, it might not sound that significant… but guess who Iran’s largest trading partner is?
🇨🇳China is responsible for ~30% of Iran’s total foreign trade. This move indirectly escalates the ongoing trade tensions with China.
Markets hate tariff uncertainty, expect volatility.