2025-12-20 13:25:40

The U.S. faces a structural challenge: a $1.5–2 trillion annual deficit means the Treasury market needs to absorb fresh issuance constantly, year after year. That's not a temporary blip—it's the new normal.

What's interesting? The playbook hasn't shifted. Since Yellen's tenure, the Treasury has front-loaded issuance into T-bills, and Bessent is sticking with the same approach despite some early pushback. This isn't political theater. It's a structural reality that the market simply has to accommodate.

For traders and investors, this matters. A steady stream of new debt supply reshapes how assets get priced across the board—from bonds to risk assets to crypto markets tracking broader macro flows.

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MergeConflict

· 2025-12-22 14:15

It's so absurd with the US debt situation... Short-term bonds are piling up like mountains, is this the new normal? How can there still be people in the crypto world who haven't seen through this? Oh my god, the logic chain is frighteningly clear... Debt supply → Asset repricing → dumb buyers in crypto? Doesn't anyone want to talk about this? To be honest, both parties are playing the same trick, prioritizing short-term debt, it doesn't matter who comes to power, that's the most heart-wrenching part. Wait a minute, a 1.5-2 trillion annual deficit... How hasn't this number scared the market into a collapse? Am I too naive? Isn't it just printing money to fill the holes? In the end, it's still the crypto world enjoying this liquidity feast, those who got on early are reaping the benefits, it's that simple.

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HashRateHustler

· 2025-12-21 22:11

Damn, a $2 trillion annual deficit... This is what it means for the money printer to never stop, dying of laughter. Short-term debt piling up, and then the interest rate pressure will come, the crypto world will feel the liquidity changes first. So, in the end, it's still encryption that speaks in macro games.

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GasFeeGazer

· 2025-12-20 13:57

Is the new normal just endless money printing? Anyway, we're already used to it. --- Accumulating short-term bonds... Isn't this just playing hot potato? --- Ha, asset pricing is all over the place, and the crypto market is caught in the crossfire. --- 2 trillion yuan in new debt every year... This account will have to be settled sooner or later. --- The Ministry of Finance's tricks haven't changed, just the same old story with a different coat. --- Macro liquidity determines everything. Now I understand why the crypto world is so chaotic. --- Short-term government bonds are becoming mainstream... Smart people are probably thinking about how to bail out early. --- Structural challenges sound tough, but in reality, it's just borrowing new to pay old. --- Does the market need to adapt? It's more like the market has no choice. --- It's more troublesome when bond pricing gets chaotic; crypto markets have to go crazy too.

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CryptoFortuneTeller

· 2025-12-20 13:56

Damn, the 20 trillion annual gap will never be filled—that's perpetual motion, buddy. Short-term debt keeps piling up, liquidity is everywhere, and the crypto world is swaying again. This manual is set in stone; it can't be changed at all, hilarious. Debt issuance has been continuously unleashed, and asset pricing is just a joke. We small investors can only follow the trend. The structural reality is that no one wants to change it; anyway, it's all dumped on the next generation. Endless new debt, it feels like the entire market is betting that this game will never stop. When it propagates to the crypto world, it's just two words: madness. How long can this go on, everyone? Can they really just keep printing forever?

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OnchainUndercover

· 2025-12-20 13:49

Really, this is the new normal of massive liquidity injection, with a $2 trillion annual deficit... We've long since gotten used to it. Short-term bonds are piling up, and now everything is out of whack in asset pricing. The crypto world is feeling the impact first. Basically, it's continuous money printing, and there's no other way but to jump on board. These traders are executing one set of moves after another, completely ignoring political resistance, and just doing their thing. Macroeconomic liquidity changes the rules of the game. Retail investors are still studying technical analysis, while they have already laid out the plan.

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FlashLoanKing

· 2025-12-20 13:45

That's why we've been saying US debt is about to blow up, yet the market is still holding on... The infinite money-printing mode is really ingrained in the DNA. Short-term bonds are piling up, and debt will have to be repaid sooner or later, but for now, just drag it out as long as possible. Anyway, the crypto market is swaying along with this macro liquidity wave. What breaks the defense isn't the deficit numbers, but this set of operations rewriting the pricing logic of the crypto market. Who can keep up? The US is playing a game of "Who blinks first loses," using debt as chips, and the crypto world has become the most sensitive weather vane. This is the real game-changer—not policy changes, but just a shift in the flow of money.

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AirdropHunterWang

· 2025-12-20 13:37

Short-term government bonds piling up into mountains, is the debt crisis really coming now? --- Oh my, a 2 trillion annual deficit and still issuing bonds every year, this move is truly remarkable. --- So the crypto market still has to follow US debt in the end? Speechless. --- The name "structural reality" sounds nice, but actually there's no other way. --- My short-term debt strategy has never changed; no matter who comes in, it has to be played this way. Now that's a trap. --- I just want to know when this debt can be repaid. There will be a day when the snowball rolls over and explodes. --- New normal? This is the gradual inflation new normal, crypto people know best. --- Asset pricing is completely messed up; my holdings will fluctuate along with these bonds again. --- The way of pricing has completely changed. No wonder the recent market has been so strange. --- Every year, new bonds need to be absorbed. Who will be left to foot the bill?

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