Core Viewpoint - The U.S. stock market has reached new highs, with the S&P 500 index rising by 1.2%, the Nasdaq by 0.8%, and the Dow Jones by 1.5%, while market volatility has decreased as the VIX index fell below 15, marking a five-month low. In this context, the XBIT decentralized exchange platform is emerging as a new choice for investors to manage uncertainty [1][2]. Market Overview - The Federal Reserve decided to maintain interest rates, but market focus has shifted to a nearly 70% probability of a rate cut in September, an increase of 15 percentage points from the previous month. The Fed remains data-dependent, with no immediate action expected unless there is a significant drop in employment or inflation data [2]. - The earnings season for tech stocks is a key short-term variable, with major companies like Apple and Microsoft set to report. The top 10 tech stocks in the S&P 500 account for 37% of its market capitalization, and disappointing earnings could trigger a sell-off [5]. XBIT Platform Advantages - XBIT offers three core advantages for investors seeking to mitigate risks in a volatile market: 1. Military-grade security architecture that includes cold wallet technology and a dynamic clearing engine, which successfully avoided 93% of chain risks during a simulated LUNA crash [6]. 2. Cross-chain protocols and stablecoin settlements that facilitate real-time exchanges with low fees, significantly reducing transaction times and costs in cross-border trade [6]. 3. A regulatory-friendly structure that balances compliance with efficiency, allowing traditional financial institutions to simulate stablecoin issuance on the platform [6]. Market Potential - The global stablecoin market is projected to exceed $2.3 trillion by 2026, with XBIT already positioned to capitalize on this growth. The platform's daily trading volume for its supported stablecoin system has surpassed $800 million [9]. - XBIT's innovative approach includes tokenizing real assets like real estate and art, providing high-net-worth investors with new inflation-hedging options [9]. Investment Logic Reconstruction - XBIT is redefining investment strategies through various scenarios: 1. It serves as a hedging tool during tech stock volatility, allowing investors to profit from shorting tech indices [10]. 2. The platform's event-driven trading module enables rapid execution of trades in response to Federal Reserve announcements, significantly reducing slippage losses [10]. 3. XBIT facilitates direct currency settlements for cross-border e-commerce, drastically lowering transaction fees compared to traditional methods [10]. Conclusion - As the U.S. stock market navigates between policy changes and earnings expectations, XBIT's decentralized exchange platform is gaining attention for its technological advancements and potential to reshape the global trading landscape [12].

Group 1: Core Views - The US dollar index fell below 97, reaching a new low since February 2022, with a daily drop of 0.72%, while non-USD currencies strengthened significantly [1][4] - Morgan Stanley analysts predict a 40% chance of a US economic recession in the second half of 2025, primarily due to escalating tariffs leading to stagflation [2][6] - UBS Wealth Management's report indicates that the dollar index has dropped to a three-year low, with expectations of further weakening due to uncertainties in the US economic outlook and rising fiscal deficit concerns [5] Group 2: Non-USD Currency Dynamics - The Taiwanese dollar has appreciated significantly, with foreign speculative funds increasing, prompting Taiwan's central bank to request the exit of overseas investors engaging in speculative bets through ETFs [1][8] - Despite the strengthening of non-USD currencies, investors have reduced long positions in the Thai baht and increased short positions in the Indian rupee, while turning bearish on the Philippine peso for the first time since early March [1][9] - The trend of foreign investors using reverse ETFs to hedge against market risks while betting on the appreciation of the Taiwanese dollar has raised concerns about its impact on the export-oriented economy [8]

Group 1 - The Central Bank of Taiwan has requested foreign investors to withdraw speculative bets on the New Taiwan Dollar (TWD) through ETFs, indicating a crackdown on such activities [1] - The strategy employed by foreign investors involves buying both Taiwanese stock ETFs and inverse ETFs, which allows them to profit from market declines while betting on the appreciation of the TWD [1][2] - The holdings of foreign investors in Taiwan's largest inverse stock ETF have surged to 914.7 million shares, an increase of over 90 times since the beginning of the year [2] Group 2 - The TWD has appreciated by 12% against the US dollar this year, with a significant single-day increase recorded last month, the largest since 1980, posing risks to the export-oriented economy [2] - A regulatory framework exists to limit speculative behavior by foreign investors, requiring that their holdings in any single inverse ETF remain below 30% to prevent currency manipulation [5] - The Central Bank can influence onshore banks through "window guidance," but has limited direct control over offshore investors [5]

① 近期美股遭遇迅猛回调，此次跨越 16 个交易日的调整是美股历史上最快的下跌行情之一 （过去 75 年只发生过 6 次）。此轮暴跌源于特朗普关税政策的不确定性、疲软经济数据及市场 恐慌情绪升温。 ② 历史经验显示，极端下跌行情多由政策冲击（如关税）或系统性风险（如金融危机）触发， 但恐慌后往往孕育反弹机遇。2025 的特朗普关税，与 2018 年贸易战引发的市场震荡高度相 似。 ③ RockFlow 投研团队认为，投资者可以采取多空策略（反向ETF）、波动率对冲（VIX相关工 具）及"小熊保险"等组合拳，同时利用"抄底宝"捕捉超跌优质资产。投资本质上是一种乐观的 行为。我们仍然保持长期乐观。 RockFlow 本文共3517字， 阅读需约13分钟 划重点 过去一个月，美股迎来迅猛回调，市值蒸发逾 4 万亿美元，继 2024 年 11 月特朗普当选总统后美股取得的涨幅全部化为乌有，投资者对令人担忧的 市场迹象保持警惕。 本篇文章，RockFlow 投研团队将带你深入探究特朗普上任以来美股为何经历如此剧烈的下跌，以及参考美股的总统行情表现，当下是否是一个抄 底的好时机。最后，我们将为你分享四种有效的波动市场应对 ...

Core Viewpoint - The recent rapid decline in the US stock market, characterized as one of the fastest in history, is primarily driven by uncertainties surrounding Trump's tariff policies, weak economic data, and heightened market panic. The market has lost over $4 trillion in value, erasing gains made since Trump's election in November 2024 [2][3][24]. Group 1: Causes of the Market Decline - The S&P 500 index officially dropped over 10% as of March 13, marking a significant adjustment within just 16 trading days, one of the fastest declines recorded [7][24]. - Historical patterns indicate that extreme downturns are often triggered by policy shocks or systemic risks, with the current situation resembling the market turbulence seen during the 2018 trade war [24]. - Key factors contributing to the current market turmoil include: 1. Trump's frequent references to tariff policies, which have increased corporate costs and heightened trade uncertainties, threatening economic growth [8][9]. 2. Weak economic indicators since February, showing a slowdown in growth, rising inflation pressures, and declining consumer confidence [8][9]. 3. Deteriorating market sentiment, with the CNN Fear & Greed Index dropping to 21, indicating extreme fear among investors [9]. Group 2: Historical Context and Comparisons - Since 1950, there have been 40 instances where the S&P 500 index has corrected by more than 10%, with only six of these occurring within 20 days, highlighting the severity of the current situation [7][8]. - The article draws parallels between the current market conditions and previous downturns, such as the 2008 financial crisis and the 2020 COVID-19 pandemic, which were also marked by significant policy and economic uncertainties [8][9]. Group 3: Strategies for Navigating Market Volatility - The RockFlow research team suggests several strategies for investors to navigate the current volatility: 1. Implementing long-short strategies using inverse ETFs to capitalize on market reversals [17]. 2. Utilizing volatility strategies to take advantage of increased market fluctuations, particularly through VIX-related instruments [19]. 3. Employing "small bear insurance" by purchasing put options to hedge against short-term declines while maintaining long-term positions [21][23]. 4. Utilizing "bottom-fishing" tools to identify and invest in undervalued assets during market downturns [24].