⚠️ The Bank of England has also started to “wait and see.” On May 11, the Bank of England Monetary Policy Committee member Green said that before the situation in Iran becomes clear, it is not a good time to raise interest rates impulsively. But she also sent a dangerous signal: inflation risks are increasingly skewing upward in a comprehensive way. 📈 Put simply, what global markets fear most right now is not a lack of growth, but the simultaneous appearance of “war + high oil prices + high inflation.” If the situation in the Middle East continues to escalate and energy prices are reignited again, global central banks may all be forced to re-enter a “high interest rate era.” This is not friendly for risk assets. 🌍🛢️ For the crypto market, it’s also a double-edged sword: 📉 The bearish side: if inflation runs out of control again and rate cuts continue to be delayed, market liquidity will remain under sustained pressure, and short-term volatility in BTC and altcoins may intensify. 📈 But in the long run: more and more countries are starting to worry about fiat currency purchasing power declining—which, in turn, will cause the market to once again place emphasis on Bitcoin’s “inflation-hedge asset” logic. In today’s crypto world, it’s no longer just a matter of looking at candlestick charts. Oil prices, war, central bank attitudes, and global liquidity will all directly affect the pacing of the next market cycle. The truly big players never only look at coins. 🔥