According to CoinMeta, Michael Hartnett, a strategist at Bank of America Corporation, stated that global equity funds have attracted record amounts of capital inflows this year, with an annualized figure of approximately $1.4 trillion. Of this, U.S. equity funds drew in $656 billion, technology stocks attracted $222 billion, and Korean stocks attracted $78 billion. He noted that although many investors are sentimentally bearish, few have actually taken short positions or underweighted their portfolios. Over the past six months, risk assets have struggled due to a clash between bullish positions and tightening policies. Strategists maintain a “risk-averse stance until interest rate hikes end and the financial environment relaxes,” believing that this situation will only occur when U.S. crude oil prices fall below $70 per barrel, the dollar reverses its recent upward trend, and the yield on 10-year U.S. Treasury bonds drops below 4.5%.