Trump is shouting "Almost signed," so why is Wall Street secretly reducing positions?

Recently, the market seems very lively on the surface.
Trump is constantly sending optimistic signals.
The media is frantically hyping the ceasefire agreement.
Risk assets are all buzzing.
But many people haven't noticed:
Some Wall Street funds are actually quietly reducing risk.
Why?
Because the current market has entered a typical situation of:
"Expectations are running too fast, but reality hasn't caught up yet."
Everyone is now trading "future peace."
But the problem is—
Peace hasn't truly happened yet.
Iran has yet to give final confirmation, and still has reservations about key terms.
What does this mean?
It means the market is now in a very dangerous state:
Sentiment has already peaked prematurely.
And once this trend reverses, the impact can be especially severe.
Especially oil.
Recently, the pullback has been rapid, but mostly driven by sentiment.
If negotiations get stuck later, oil prices are very likely to surge again.
At that point, US stocks, BTC, and tech stocks could all come under pressure simultaneously.
Because the biggest core logic in the global market right now remains:
Oil prices determine inflation.
Inflation determines the Federal Reserve.
The Federal Reserve determines risk assets.
So don’t be fooled by the current market optimism.
The truly large funds are actually betting on one side while leaving an escape route.
And BTC’s positioning is becoming increasingly complex.
It used to be just a risk asset.
Now it’s starting to have some hedging logic.
This has led to recent frequent occurrences where:
When gold rises, it also rises;
When tech stocks rise, it can rise too.
The market no longer knows how to categorize it.
But one thing is very clear:
As long as global uncertainty persists, BTC’s long-term relevance won’t disappear.
As for short-term?
One sentence:
The truly dangerous market isn’t ever a decline.
It’s when everyone thinks "there’s no risk anymore."#Gate广场五月交易分享