Welcome to this week's global tracking👀 Bearish sentiment has permeated all maturities. 🤔Option traders' long-term bearish sentiment has not improved with expectations of more rate cuts. 🧐The easing cycle of the ECB and the BoJ is nearing its end. Whether offshore liquidity can be further eased depends on whether the Fed's interest rate cuts can exceed the tightening of the ECB and the BoJ. 🧐In addition to liquidity risks, potential stagflation risks are also one of the reasons why options traders remain long-term cautious. Let's dive in👇(BloFin Academy)