We have been keeping an eye on the global bond market interest rates recently, especially in Japan and the United States. At present, long-term US bond interest rates are suppressing more effective growth in the US stock market and cryptocurrency market. It is evident that the position around 4.5% of 10-year US Treasury bonds has become the equilibrium point for the game between risky assets and risk-free pricing anchors. If the 10-year US Treasury bond surges to 5%, it will be a huge turning point and the balance will be completely disrupted. At present, the God's hand that tilts the balance is in Powell's hands! At this critical juncture, it's better to be inactive and watch the show.