Saudi oil pipelines were bombed by drones. Repair crews are working to restore operations, but it will take six weeks to fully recover production capacity. This directly pushed oil prices higher and immediately sparked a global rush to safety. At the same time, UK government bond yields fell across the board— the 10-year yield dropped to 5.28—and money is moving into safe-haven assets. This combination is actually quite delicate for $BTC and $ETH : on the one hand, there’s the risk of capital outflows from risk assets due to the flight to safety; on the other hand, falling yields suggest liquidity expectations are improving. ETH is also hovering around the 2400 level, down 1.1%—not much, but not insignificant either. It feels like it’s waiting for a direction. What’s interesting is that whenever geopolitical tensions coincide with falling yields, crypto’s reaction is often a bit different from traditional assets. Will it be the same playbook again this time? Do you think this risk-off sentiment will drag $BTC lower, or will it turn into a chance to buy the dip?