US trade deficit just hit $29.4 billion in October—the tightest squeeze since 2009. That's huge when you think about it. Fewer imports, better export momentum, and it signals something shifting in the broader economic picture. For crypto markets, this kind of data matters because it often influences Fed policy direction, inflation expectations, and risk appetite across all asset classes. When trade balances improve and inflation pressures ease, we tend to see different sentiment in digital assets. Worth keeping tabs on how this plays into the next round of economic indicators.