In its latest market observation, Metrics Ventures highlights that since 2022, the intensifying disruptions in global supply chains have significantly weakened the resilience of economies in Japan, South Korea, Europe, and beyond, while eroding their policy autonomy. Signs of liquidity drought are emerging, and the combination of a strengthening U.S. dollar and changes in Treasury yield curve spreads signals the rapid accumulation of systemic risks.
Non-ferrous metals sector (gold, silver, copper) is under short-term pressure from the macro environment, but from a medium- to long-term perspective, supply-demand fundamentals and safe-haven demand may still present opportunities worth monitoring.
On Bitcoin, apart from macro volatility, the potential selling pressure from MicroStrategy (MSTR) adds further uncertainty. Against this backdrop, Bitcoin's asset positioning and safe-haven properties require reassessment.