#以太坊行情解读 GDP data hits a new high, but US stocks actually fell—this logic is quite interesting.

On the surface, the US Q3 quarter-over-quarter data looks quite impressive, but these figures are based on annualized calculations, which significantly amplify the actual effect. Even more interesting is that after the good data was released, the market didn't cheer but instead became anxious—because a strong economy might mean less room for rate cuts.

However, the plot quickly reversed. Trump directly stated: regardless of economic data, rate cuts must continue, and inflation will be put aside for now. This attitude completely breaks traditional financial logic—usually, a strong economy should keep interest rates steady or rising, but now the opposite is happening.

The expectation of "money printing" re-emerges, and the market begins to show signs of chaos. The RMB fluctuates near key levels, while gold and copper prices hit new highs. In this liquidity environment, the valuation logic of risk assets like $BTC and $DOGE is being reevaluated. Will Bitcoin and Ethereum's volatility ranges expand?

The real question is: when macro policy logic reverses, will the old market playbook still work? How will changes in liquidity expectations ultimately transmit to risk premiums in the crypto market? This might be the key focus moving forward.