The logic of the market has completely become chaotic this week. On one side, gold is approaching $5000, and silver has surpassed $100, while on the other side, the dollar has recorded the worst weekly decline since April of last year, and Bitcoin has dropped below $90,000.

Behind this disorder lies a problem of trust. On the surface, U.S. stocks are still rising, but capital is actually flowing toward Europe and Japan. Even Europe's largest pension fund has started to significantly reduce its holdings of U.S. Treasury bonds.

What makes the market even more uneasy is that the U.S., in order to counterbalance Iran, has directly threatened to cut off the dollar supply to Iraq. This move weaponizes the 'dollar clearing rights,' breaking a certain civilizational tacit agreement, leading to a sell-off of the dollar while safe-haven assets have reached their peak.

Next week, the Federal Reserve's decision is approaching, and Trump's new chairperson candidate is full of uncertainties. All these uncertainties are converging and exploding at this moment. It seems that the market may need a real shock to calm this noisy world down again. $BTC