#比特币流动性 Market Dilemma Triggered by US Q3 GDP Data

Seemingly strong GDP growth actually contains a lot of water—annualized quarter-over-quarter calculations are inherently prone to exaggeration, and there is significant room for subsequent revisions. Strangely, the data release caused a sell-off; the market's logic is "a too-strong economy might mean a slower pace of rate cuts."

But here, the plot has reversed. Trump's attitude is very straightforward: ignore the economic data for now, the rate cut process must continue, and inflation issues can be postponed. This kind of "ignoring fundamentals and forcing easing" operation directly breaks the traditional financial narrative framework.

What signals does this reveal? The old story of "printing money" is starting to brew again. The chain reaction has already become apparent: the RMB is under pressure near a key support level, and commodities like gold and copper are competing to hit record highs. In such a macro environment, how much room is there for re-pricing assets like $BTC, $ETH, $DOGE , which are highly volatile? Some believe that the impact of this macro upheaval may have only just begun.

It’s worth pondering how this policy logic of "good data means rate cuts" will influence future liquidity expectations. Can the old market playbook—risk assets moving with liquidity—still be used?