The final value of the U.S. GDP for the third quarter is about to be announced, with the market expecting a growth rate of 3.3%, but the actual trend may be even stronger. If the data exceeds expectations, the crypto market will face an interesting duality situation.

In the short term, strong GDP data indicates that the economic heat is not diminishing, and inflationary stickiness remains. This will keep the Federal Reserve restrained in its policy operations next year—leaving less room for rate cuts. Liquidity premiums will be pressured accordingly, and crypto assets will face the test of increased volatility. During this period, rushing in is clearly not a wise move.

But from another perspective, a strong GDP precisely reflects the reality of stable employment and robust household income. This is the most solid foundation for asset pricing. With the purchasing power released during the tax refund season next year, and the recovery of the manufacturing prosperity index, the logic for new capital entering the market remains valid. The influx of off-market incremental funds often determines the long-term trend more than short-term fluctuations.

Overall, macro data will create short-term pulses, but the underlying logic for long-term growth has already been laid out. The key is whether you care about the fluctuations of the past couple of months or are focusing on the layout for the remaining time this year.