On Wednesday afternoon, market sentiment suddenly shifted. The geopolitical tensions between the US and Europe escalated again, triggering a deep adjustment in global asset allocation.

US stocks came under significant pressure, with the Dow Jones Industrial Average dropping over 900 points, and the Nasdaq and S&P 500 had already given back their entire year-to-date gains. The Japanese bond market was hit even harder, with tech stocks plunging over 4%.

This wave of risk aversion arrived fiercely. Gold and silver continuously hit record highs, while the US dollar and US Treasuries faced selling pressure. Capital is rethinking the logic of risk asset allocation.

The crypto market also weakened in tandem, with $BTC falling below the 90,000 mark early in the session. Although there was a rebound, no reversal signal has yet formed. The recent resistance zone is around 90,500, with support below near 86,600. $ETH appears even weaker, having broken below the 3,000 level, with short-term targets between 2,860 and 2,680.

It is important to note that geopolitical risks still carry uncertainties. Several institutions warn that if conflicts escalate further, market volatility will intensify. The most prudent strategy now is to strictly control positions, remain cautious, and observe developments quietly. $BNB