Western nations narrowly sidestepped a major confrontation this week, but the relief is short-lived. European policymakers are quietly preparing for escalating tensions in the trans-Atlantic relationship over the coming months. The underlying fragility suggests more turbulence ahead. Market participants should monitor these geopolitical shifts closely—they often ripple through risk assets and sentiment across global markets, including crypto markets. When traditional markets face uncertainty, capital flows tend to shift unpredictably.