BlockBeats News, June 25th. QCP released its daily market observation, stating, "Despite Israel resuming limited airstrikes after a temporary ceasefire, the financial markets showed minimal fluctuation. Instead of entering a 'flight to safety' mode, the market shifted entirely to 'risk-on sentiment' — the Nasdaq 100 index hit a record high, and the S&P 500 index was less than 1% away from its February 2020 all-time high. Meanwhile, oil prices have fully retraced to pre-conflict levels, further fueling the shift in market sentiment. Among the S&P 500 components, Coinbase (COIN) surged 12% on Tuesday, closing at $344.94, marking its highest level in over six months."

On the other hand, institutional interest in Bitcoin continues to rise. Anthony Pompliano's managed ProCap fund attracted market attention as it recently purchased $386 million worth of Bitcoin. This move signifies their explicit strategy of holding Bitcoin as a 'corporate treasury reserve asset.' Since early June, the number of companies incorporating Bitcoin into their balance sheets has nearly doubled, with over 240 enterprises now collectively holding 3.45 million BTC. If this trend persists, Bitcoin not only has the potential to serve as a macro hedge tool comparable to gold but may even compete in terms of total market capitalization.

In this environment where macroeconomics, military, and currency forces intersect, the traditional risk premium is transforming from a 'hedge tool' to a 'market benchmark assumption.' The market's resilience to geopolitical turbulence is facing an unprecedented test."