Recently, I noticed an interesting phenomenon while monitoring the market. BTC is firmly stuck at the $87,470 level, with little movement up or down, almost like someone pressed the pause button.

But what’s truly worth warning about actually comes from the other side—the interplay between the US economy and monetary policy. Recently, Trump announced that the US Q3 GDP growth rate hit 4.3% annualized, the fastest since Q4 of last year. It sounds like good news, but for the cryptocurrency market, it could actually become a source of pressure.

Why? The logic isn’t complicated: the hotter the economy, the greater the risk of inflation rebound. When inflation rebounds, expectations for Fed rate cuts are pushed further back, and the era of high interest rates will last longer. As a result, the US dollar assets become more attractive, and global investors’ funds will flow back to the US continuously. High-risk assets like BTC become the easiest targets for sell-offs—commonly known as "cash machines."

However, on-chain data tells a different story. Over the past 24 hours, the value stored in decentralized stablecoin networks has reached a nearly three-month high. This is quite interesting—when traditional finance begins tightening liquidity, a value storage system driven entirely by code and unaffected by Fed policies is attracting smart capital. It’s like finding a new safe haven route amid the tightening of mainstream financial markets.