The analysis notes that BTC retains its long-term potential of $266,000, but is dependent on ETF flows and Fed policy in the short term. Bullish arguments for gold and silver remain strong: Geopolitical risks and inflation support gold, while silver needs an industrial recovery. This downturn has proven that crypto assets are still integrated with tech stocks and are far from being an "independent" class. As investors reassess leverage risks, traditional assets like gold have demonstrated relative resilience. Fed statements and geopolitical developments will be critical in the coming days. Markets should prioritize liquidity management to become more resilient to such shocks.