The Supreme Court decision on tariffs is expected to be announced around midnight today.

Most bets on Polymarket point to tariffs being ruled illegal, which seems to be a positive news for affected companies. However, interestingly, this positive could potentially trigger another layer of concern—liquidity risk pushing up bond yields.

This is where Bitcoin's reaction comes into play. As a 24/7 traded asset, Bitcoin is extremely sensitive to liquidity changes and will intuitively reflect how the market perceives this ruling.

Another issue at hand: Trump is unlikely to stop here. He is very likely to turn to other measures, which means there are still uncertainties ahead.

From the perspective of global stock markets, related countries (including ours) may experience some volatility following suit, but not necessarily all positive—more structural and selective opportunities. This market movement is not simple and requires a clear prediction of capital flows.