Gate News update, March 27, in response to today’s sharp drop in U.S. stocks and the market wiping out more than $1 trillion in value in a single day, a certain CEX CEO said the current round of correction reflects that global markets are re-assessing macro risks at a faster pace. As worries about inflation are once again being driven higher by rising oil prices, the impact of geopolitical changes is no longer confined to the energy market, and is beginning to affect global capital allocation more directly. The CEO believes that, against this backdrop, Bitcoin will still maintain high volatility in the short term, but compared with the earlier phases in which risk appetite sharply fell, Bitcoin’s performance in this round has been relatively resilient. This shows that the overall leverage in the crypto market has declined significantly, thereby limiting the size of forced liquidations that would normally amplify downward pressure during periods of market stress. This relative resilience releases a signal that deserves closer attention: in an increasingly fragmented macro environment, Bitcoin is starting to be viewed by some investment portfolios as a more neutral allocation choice.