Global Macroeconomic Landscape: Accelerating Fragility
According to Metrics Ventures' latest market note, global supply chain disruptions that began in 2022 have evolved from temporary shocks into structural pressures. The economic resilience of key regions—Japan, South Korea, and Europe—has markedly declined, severely limiting their policy autonomy. Signs of liquidity drought are becoming visible, while a strengthening US dollar combined with unusual movements in Treasury term spreads point to rapid accumulation of systemic risk. This macro environment continues to weigh on all risk assets.
Base and Precious Metals: Short-Term Pressure, Long-Term Opportunity
In the metals sector, gold, silver, and copper are facing downward price pressure in the near term, driven by a stronger dollar and risk-off sentiment. However, Metrics Ventures believes that supply chain restructuring and the green transition will underpin these commodities in the medium to long term, making dips potential entry points for strategic investors.
Bitcoin: MSTR Liquidation Risk and Macro Turmoil Force a Reassessment
Bitcoin is currently under multiple pressures. On one hand, potential liquidation of MicroStrategy's (MSTR) holdings is directly weighing on market sentiment. On the other hand, the macro turmoil is amplifying Bitcoin's volatility as a risk asset rather than a digital safe haven. Metrics Ventures argues that Bitcoin's traditional 'digital gold' narrative is being challenged, and its asset role must be re-evaluated in light of the new macro conditions.