QCP: Bitcoin is not favored as a safe haven, participants still prefer to defend until a clearer situation emerges

Planet News: QCP today stated that the United States demonstrated its strength and strategic edge policy by implementing deterrence tactics through exaggerated tariff figures. The bond market began sending warning signals. The 10-year U.S. Treasury yield surged to 4.6%, and the 30-year U.S. Treasury yield broke through 5%, disrupting risk sentiment. If Trump hopes to drive a stock market rebound during his term, long-term yields must decrease, not increase. The bond market sell-off intensified pressure for Federal Reserve intervention. It now seems to be approaching a turning point. Last week, the Federal Reserve stated it was prepared to take action to stabilize financial conditions. Governor Waller further emphasized this shift, suggesting the Fed's attention is turning to recession risks, implicitly downplaying persistent inflation issues, now describing them as "temporary". The Federal Reserve had previously applied the "temporary" label to various inflation cycles, which were far from temporary. Nevertheless, the Fed's protective mechanisms are gradually approaching, with the market now expecting 3.5 rate cuts in 2025. Meanwhile, as geopolitical tensions escalate, gold continues to rise. With U.S. Treasuries and the dollar losing part of their traditional safe-haven appeal, gold has now become the market's preferred store of value. Unlike gold, Bitcoin has not gained safe-haven demand. The "alternative store of value" narrative has failed to attract interest in the current macroeconomic environment. Market participants remain positioned defensively, focusing on hedging downside risks until a clearer situation emerges.