Welcome to this week's global tracking👀 "T-bills dependence is no less severe than drug addiction." Short-term Treasury bond financing has become the primary source of liquidity in the current crypto and US stock markets.🤔 To a certain extent, the US Treasury's massive issuance of T-bills has undermined the effectiveness of the Fed's monetary policy.😦 T-bills are only a temporary measure to control debt risks in the short term, while the long-term dependence on T-bills may pose higher potential risks to the banking system and capital markets.🧐 Let's dive in👇(BloFin Academy)