Cooling Tensions in the Middle East and Shift in Market Focus As previously anticipated, with the 30/60-day overseas military operation cycle reaching its end without further escalation, the situation in the Middle East has naturally entered a phase of “unstable peace.” This implies that the primary market narrative will extend for another 1–2 quarters, and most asset classes will fall into broad range-bound fluctuations. At this stage, after a sustained rebound, crypto assets may present opportunities to sell at higher levels. Crypto assets, which had dominated market attention in recent years, reached their peak and began to decline after Trump’s second term in the White House. A major contributing factor was the “algorithmic” liquidation event in October last year. Following this event,