Recently, the financial markets have staged an interesting paradox. The US GDP data was released - a growth rate of 4.2% far exceeded the expected 2.5%, which should have been a reason for celebration. What happened instead? The market not only did not To da moon, but instead fell into a strange silence, and even declined.

The logic behind this is actually quite heartbreaking. The mechanism of Wall Street has changed. The former rule of the game was: good news = market up. Now the logic has reversed – when good news arrives, traders' first reaction is not to celebrate, but to anticipate: "Now inflation is going to rebound, and the central bank will definitely raise interest rates." Thus, preemptive selling emerges.

This has created a deadlock. Strong economic data should have propelled both stocks and bonds, but the anticipated tightening policies have choked it at the throat. The result is that even with GDP soaring, the market cannot enjoy the gains it deserves. Some voices point out that it is not the growth itself that truly triggers inflation, but the wisdom of policy execution. If interest rate policies could be more flexible—moderately lowering rates when the market performs well, rather than mechanically raising rates blindly to combat "potential inflation"—the market might be able to unleash vitality not seen in over a decade.

For the cryptocurrency market, the oscillation of such macro expectations is an important signal in itself. When market sentiment is pulled back and forth between "growth optimism" and "policy tightening panic," risk assets often become the primary targets for sell-offs. A rational policy direction will inevitably become the key to stabilizing market confidence and unleashing growth potential.