Global Supply Chain Disruption and Macroeconomic Impact
According to the latest market observation from Metrics Ventures, global supply chain disruptions have significantly intensified since 2022, profoundly affecting economies in Japan, South Korea, and Europe. Economic resilience in these regions has declined noticeably, policy autonomy has been eroded, and signs of liquidity drought are emerging.
The persistent strengthening of the US dollar and changes in the US Treasury yield curve spread are seen by analysts as important signals of accumulating systemic risks. Against this backdrop, market participants must be vigilant about the chain reactions triggered by tightening liquidity.
Divergent Paths: Non-Ferrous Metals vs. Bitcoin
In the commodities sector, Metrics Ventures points out that non-ferrous metals (including gold, silver, and copper) face short-term price pressure, but from a medium-to-long-term perspective, structural opportunities remain. However, macro turmoil may delay the sector's recovery process.
As for Bitcoin, the potential selling risk from MicroStrategy (MSTR), combined with macro uncertainty, requires a re-evaluation of Bitcoin's asset positioning. In the current market environment, whether Bitcoin can continue to play the role of digital gold is facing a severe test.