There are many factors putting pressure on the market in recent days—escalating US-EU trade tensions, frequent geopolitical disputes, and anomalies in the Japanese bond market. As a result, global risk assets are collectively suppressed, and BTC and various mainstream coins are also not immune.

Interestingly, traditional safe-haven assets are performing well. Spot gold has hit new highs, silver is also strengthening, while the crypto market continues to be under pressure. This contrast actually reveals several deep-seated issues—when real risks emerge and the macro situation begins to spiral out of control, the market still regards digital assets as risk assets rather than safe-haven tools. Industry insiders often say that crypto is a safe-haven asset, but in critical moments, funds still flow to traditional safe harbors.

It is worth noting that around 21:30 tonight, a prominent political figure will deliver a speech at the Davos Forum. This individual is known for their radical remarks, and it is possible they will introduce new provocative viewpoints. Market volatility is inevitable, so it is recommended to operate cautiously in the near term and closely monitor policy developments and their real-time impact on mainstream coins like BTC, ETH, SOL, and others.

From a macro perspective, this round of adjustment is also a process for the market to reassess the positioning of crypto assets.