QCP analysis points out that due to the repricing of Japanese government bond yields and the resurgence of trade tensions between Europe and the US, global markets have quickly shifted towards risk aversion. The rise in Japanese interest rates is seen as a potential global volatility trigger, while trade tensions may further suppress risk appetite. Against this backdrop, Bitcoin has failed to demonstrate its safe-haven properties and instead behaves more like a high-beta macro asset, highly sensitive to interest rates, geopolitical events, and cross-asset volatility. Until policy signals become clearer, the crypto market may continue to passively follow broader trends. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55448