Recently, the US and EU tariff tensions have intensified, causing obvious market volatility. Bitcoin briefly fell below the $92,000 mark, although it later rebounded, the decline still reaching about 2%, and it is currently testing below $93,000 again. Yesterday, with the US markets closed and trading light, volatility was further amplified.

Interestingly, during this decline, funds flooded into traditional safe-haven assets. Gold even hit a new high, approaching $4,700 per ounce, with a cumulative increase of over 70% over the past year. This indicates that geopolitical tensions are indeed changing asset allocations.

Regarding the current situation, Matt Howells-Barby, Vice President of a leading exchange, pointed out in an interview that since the big drop in mid-October, Bitcoin has been facing asymmetric downward pressure—in other words, bad news can cause rapid declines, while good news tends to be sluggish. Earlier this week, Bitcoin was at a critical point trying to push higher, but as soon as geopolitical headlines emerged, the rally was instantly shattered.

However, it’s worth noting that this correction was not large, only about 3.5%. Based on traders’ actions, it seems like something is brewing. What’s next? It may depend on specific data and market reactions.