Behind the big dump of #美联储降息 market: how encryption assets force a policy shift?

Yesterday, the market experienced severe fluctuations. The S&P and Nasdaq recorded their largest monthly falls, and Bitcoin subsequently fell below the $100,000 mark. On the surface, it seems like a panic sell-off, but the deeper logic may be more thought-provoking - this could be a collective pressure from the capital market in response to policy uncertainties.

History tends to repeat itself. Looking back at the extreme fluctuations on April 7th of this year, the continuous decline of the US stock market eventually led to some breakthroughs in tariff negotiations, allowing the market to breathe a sigh of relief for a while. The current wave of adjustments feels familiar.

The unease on Wall Street is not merely an emotional outburst. The shrinking of pension accounts and the pressure on polling data are tangible impacts that will quickly transmit to the decision-making level. Once the market expresses dissatisfaction through a "vote with their feet" approach, policymakers often prioritize market stability, while other principled issues? Well, those can wait.

Interestingly, moderate factions have already signaled their consideration of a compromise path of "first restarting government operations, then discussing specific subsidy plans" to quell the controversy. It seems that this reverse game initiated by the market is awaiting a political response. $BTC $ETH