The greatest risk to risk assets right now is not today, but after 6 a.m. Monday, when global financial markets open and gold and crude oil will reprice in response to current geopolitical sentiment. To date, international institutional investors have priced crude oil at $80 per barrel, and gold prices are also expected to rise. In this phase of relatively tight liquidity, capital flows toward whichever asset offers the more compelling narrative. For #Bitcoin, the biggest threat is that liquidity shifts entirely toward safe-haven assets or crude oil. All short-term risk assets must navigate a period of liquidity scarcity. For crypto investors, it’s best to wait until Monday’s asset repricing before making decisions—whether the downtrend stabilizes or a second test succeeds will require time to verify.