Houthi ballistic missiles and drones directly struck Saudi Arabia’s arms depots and command centers inside the country, and Saudi Arabia said two people were injured. This is not a minor incident—over the past 48 hours, Saudi fighter jets carried out 129 strikes across Yemen’s seven provinces, and the Houthis warned that there would be bigger ones to come. The BRICS countries’ newly issued Delhi Declaration is also interesting: it clearly opposes unilateral sanctions and trade protectionism. When you look at these two developments together, global risk-avoidance sentiment is likely to rise again. $BTC has always been a double-edged sword in geopolitical conflicts; in the short term, it may track risk assets and fluctuate with them, but everyone understands how the medium- and long-term story goes. The real question worth thinking about is this: if the oil price surges after Saudi Arabia is hit, and inflation expectations snap back, will the Federal Reserve’s pace of rate cuts be thrown off? That’s the biggest variable among those $ETH $SOL risk assets. Also, Hey Wallet and Cascade have been shut down one after another, and small projects are accelerating their liquidation—surviving is more important than anything. Where do you think this wave of Middle East tensions will push $BTC ?