🚩 IS TRUMP A WALKING RED FLAG?
Right now, the U.S. is the center of global chaos, and Trump is the main character.🇺🇸
He is breaking every rule in the macro playbook this year!
If you aren’t tracking these 8 shifts, you’re trading in the dark. 🧵👇

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...

Breaking News! The Year of China's RWA: A Compliant Channel Opens for Trillions of Yuan in Domestic Assets to Go Global

1️⃣ GOVERNMENT SHUTDOWN RISK
Congress is fighting over the budget. If they don't agree, the government "closes."
A shutdown creates a "Data Blackout."
Without official reports on jobs or inflation, the Fed has to "fly blind" on interest rates, and markets spike in fear.

2️⃣ 100% TARIFFS ON CANADA
Trump says he could impose 100% tariffs if Canada deepens trade ties with China.
This is a "tax" on your spending. It forces you to spend more on needs and less on investments.
In past trade wars, stocks sold off while inflation expectations jumped.
If tariffs return, markets may rotate toward gold and inflation hedges.

3️⃣ THE GREENLAND ACQUISITION & THE "EURO-TAX"
Trump is leveraging a 10% tariff on Europe (up to 25% by year-end) to force a deal for the acquisition of Greenland.
Geopolitical "shakedowns" increase the risk premium on global stocks.
If you own one, you are in the line of fire.

4️⃣ NAVAL "ARMADA" TOWARD IRAN
Oil prices jumped after Trump said a U.S. “armada” was heading toward Iran.
Higher oil is a "hidden tax" on global growth.
It keeps inflation sticky, which forces the Fed to keep interest rates higher for longer.
Every dollar oil rises is a "stealth rate hike" that sucks the liquidity out of the stock market rally.

7️⃣ THE JAPANESE YEN IS BREAKING
The Japanese yen has collapsed to 155–160 per dollar, levels not seen in decades.
In 2022, Japan stepped in and USD/JPY dropped nearly 5% in days, triggering global volatility.
Recent reports say U.S. officials have been monitoring the yen closely, fueling speculation of U.S.–Japan coordination.
FX stress like this often tightens global liquidity and spills into stocks and crypto.

8️⃣ SUPREME COURT EYES TRUMP TARIFFS
SCOTUS is currently deciding the legality of Trump’s tariffs.
If struck down, the U.S. could be forced to refund over $150B in tariff revenue.
That could lower inflation expectations and support stocks.
If tariffs stay, inflation pressure, commodity strength, and volatility may stick around.

Truly, a lot is breaking at the same time.
It’s messy, it’s loud, and it’s unprecedented.
Our advice? Keep your eyes on the data.
We’ll be tracking these 8 stories as they develop.👀
Which one are you watching most closely?
Let us know below. 👇