Global Macro Risks Mounting
According to the latest market observation by Metrics Ventures, global supply chain disturbances have been intensifying since 2022, significantly undermining the economic resilience and policy autonomy of Japan, South Korea, and European nations. A liquidity drought is becoming increasingly evident, while the persistent strength of the U.S. dollar combined with shifts in Treasury yield spreads points to an acceleration of systemic risk accumulation.
Asset Market Implications and Bitcoin's Changing Role
In the metals complex, precious metals such as gold and silver, as well as base metals like copper, face short-term headwinds from the macro environment, yet medium- to long-term structural opportunities remain. For Bitcoin, the potential divestment risk from MicroStrategy (MSTR) and the broader macro turmoil are forcing a reassessment of its market positioning. Its traditional safe-haven narrative and macro correlation are undergoing a transformation that demands close monitoring.