Everyone finally remembers the fear of being dominated by Trump. In the past, when the market fell, it always felt like someone was there to support, but now looking back, Trump is planting explosives. Gold and silver are skyrocketing in front, while US stocks, bonds, and the dollar are collectively plummeting behind. This is basically a coordinated withdrawal from American assets; the previous mindless buying of US assets formula has completely failed.
On Monday, the US stock market was closed, building up frustration, and when it opens tonight, it is expected to crash again. The counterattack plan from Europe is already on the table, and Trump has directly locked in tariffs and national security. This ironclad attitude of wanting to confront head-on has left traders feeling half frozen. As Trump continues to go mad, US stocks will still fall, and the hope that he will kneel down at lightning speed may be dashed.
The Federal Reserve is now in a dilemma, simply playing dead. Coming out to put out the fire risks being scolded, while staying out means the market is suffocating quickly. Added to that is the Supreme Court's ruling on tariffs, which is like a sword hanging over us. No matter how the final judgment goes, this fire is definitely going to ignite.
Currently, Bitcoin still behaves more like a risk asset, moving down alongside US stock futures. This indicates that in the face of an extreme systemic crisis, large funds' first reaction is still to flow back to traditional physical safe-haven assets. For BTC to explode like gold, it will have to wait until the market enters the latter stage of the "sovereign credit crisis," which is when people truly begin to doubt the US dollar payment system.
$BTC
