「BTC OG Insider Whale」 Proxy Warns of Emerging Market Risk: Food Inflation

BlockBeats News, March 23, "BTC OG Insider Whale" agent Garrett Jin posted, stating that oil prices have risen by 55% since February 27. The Fed's rate cut expectations have been fully priced in. The current market pricing is for a rate hike. The 10-year U.S. Treasury yield is 4.39%. Stocks and bonds are both in sell-off mode, with gold falling for 9 consecutive days. This situation is not risk aversion. This is a liquidation.

Garrett Jin stated that the new risk that most people have not noticed is: 50% of the global fertilizer supply needs to pass through the Strait of Hormuz. Next comes food inflation. Garrett Jin said the current strategy is to long oil, reduce exposure to risk assets, short import-dependent countries, short duration, and cash is king.