The Shaking of Global Asset Pricing Power and the Return of Non-Sovereign Hedging Anchors
Written by: ChandlerZ, Foresight News
On April 22, the U.S. asset market once again fell into the eye of the storm. The Dow Jones Industrial Average dropped 971 points, the Nasdaq fell by over 2.5%, and the S&P 500 index fell below the 5,200 point mark. The seven tech giants all plummeted, with Tesla and NVIDIA falling by over 5.7% and 4.5% respectively. The VIX panic index surged 14%, breaking through 33 points, signaling that the market's systemic risk aversion sentiment is rapidly heating up.
The U.S. dollar index simultaneously bled, breaking below the 98 mark and hitting a new low in nearly a year and a half. Both the ICE U.S. Dollar Index and Bloomberg Dollar Index recorded one of their worst monthly performances since 2009. Meanwhile, gold strongly broke through $3,400, creating a new historical high. Bitcoin briefly broke $88,000 in the early morning, then pulled back to around $86,300 alongside the U.S. stock market's decline. After the U.S. stock market closed, it showed a different strong stance, rising and breaking through $88,800, while Altcoins generally did not return to their early morning highs.
According to Coinglass data, the entire network liquidated $261 million in the past 24 hours, with long positions liquidating $14.1 million and short positions liquidating $12.1 million. Among these, Bitcoin liquidations were $88.58 million, and Ethereum liquidations were $67.59 million.
Price changes are merely the result; more fundamentally, this is a collective reassessment of global asset anchoring structures and the historic return of non-sovereign assets in institutional gaps.
