Last night, the market warmed up, and Trump's tweet definitely helped. BTC in this cycle is more often a high-beta risk asset, grouped with the Nasdaq and growth stocks. Over the past few weeks, the market has been trading on a set of 'worst-case scenarios': - Continued decoupling between China and the US / tariff escalation - Rising geopolitical risks in Taiwan, South China Sea, etc. - Another round of disruption to the global trade chain Now at least the risk premium is being adjusted down → Risk-on sentiment is picking up. Of course, the main reason for the market rebound is still the repair of the 'systemic crash panic' caused by recent panic selling + leveraged long liquidations. Trump's tweet is more like a perfectly timed calming agent. Calling for a bull run is still a bit premature. What will truly determine the next phase of the market is interest rates, ETF inflows, and the narrative evolution within crypto itself.