Global Supply Chain Disruptions and Weakening Economic Resilience
According to Metrics Ventures' latest market observation, global supply chain disruptions have intensified since 2022, significantly reducing the resilience of economies in Japan, South Korea, and Europe, while limiting their policy autonomy. Signs of liquidity drought are emerging, and the strengthening U.S. dollar along with changes in Treasury term spreads point to an accumulation of systemic risks.
Metals Sector: Near-Term Pressure vs. Medium-Term Opportunities
Under the macro headwinds, the metals sector (including gold, silver, and copper) faces short-term price suppression. However, medium-term supply-demand fundamentals suggest there are still phased opportunities. Investors should monitor the dollar trend and risk appetite shifts that transmit to commodity pricing.
Bitcoin Repositioning: MSTR Overhang and Macro Turbulence
On Bitcoin, the potential overhang risk from MicroStrategy (MSTR) holdings has become a market focus. Combined with ongoing macro turbulence, Bitcoin's asset positioning requires a reevaluation. In the current environment, BTC's correlation with traditional risk assets has strengthened, testing its safe-haven narrative.