$BTC $ETH $ZEC Recently unearthed a deep analysis regarding the financial risks in the coming years. I want to discuss the underlying logic with everyone.

In commercial real estate, the vacancy rates for office buildings are indeed rising, and valuations are declining. Next year, just the maturing loans amount to $1.2 trillion, which is a significant scale. Some regional banks have large loan exposures, and the subsequent pressure is definitely worth paying attention to.

The shadow banking system is also quite interesting—private credit funds with a scale of $1.5 trillion, heavily leveraged, with regulatory gaps. These funds may be more closely connected to traditional banks than we think; once the credit transmission chain encounters problems, the impact could be widespread. The SVB incident is actually just the tip of the iceberg.

Corporate debt pressures are also rising. In such a high-interest-rate environment, some highly leveraged companies are already experiencing difficulties. Coupled with valuation correction space for AI concepts, liquidity may face tests.

External variables like geopolitical situations and supply chain conditions are also fermenting. The yield curve inversion cycle has been long, and historically, such situations often indicate certain outcomes—everyone has a good idea of what that means.

Rather than keeping all funds in one place, it’s better to plan ahead. Check your deposit insurance coverage, diversify your holdings, and moderately allocate some inflation-hedging assets. Cryptocurrencies can occupy a reasonable proportion within this allocation framework.

What are your thoughts on the resilience of the traditional financial system in this round? Feel free to share your ideas.