Global Macro Fragility Accelerates
Metrics Ventures' latest market observation highlights that global supply chain disruptions have been worsening since 2022, significantly eroding the economic resilience and policy autonomy of major economies including Japan, South Korea, and the European Union. A liquidity drought is now visible across multiple markets, while a strengthening U.S. dollar and abnormal shifts in Treasury term spreads are indicative of an accelerated buildup of systemic risk.
Non-ferrous Metals: Short-Term Pressure, Long-Term Opportunity
Under this macro strain, the non-ferrous metals sector — encompassing gold, silver, and copper — faces near-term price suppression. However, from a longer perspective, supply constraints and the ongoing energy transition provide structural support, making these commodities attractive for medium- to long-term allocation.
Bitcoin Under Dual Threat: MSTR Divestment Risk and Macro Turmoil
Bitcoin finds itself caught between two pressures: the risk of further divestment by MicroStrategy (MSTR) and a deteriorating macroeconomic backdrop. This combination is challenging Bitcoin's narrative as a 'digital gold' safe haven. Market participants are compelled to reassess Bitcoin's asset positioning and risk-return profile amid the rapid accumulation of global fragility.