Geopolitical risks have intensified on the macro level. On Friday, Trump made remarks in Florida, suggesting there could be another "Epic Fury" after the midterm elections, which the market interpreted as a signal that short-term tensions won’t ease and that further escalation remains a risk in the medium term. Bitcoin dropped over 2% today, while ETH, XRP, and SOL fell 3–4%. After briefly reaching $85,000 two weeks ago, it has now retreated to around $80,000, marking a cumulative decline of more than 5%. What happens next will depend on whether tensions truly escalate after the November midterms.