"The fluctuations in the cryptocurrency market have never been an island, but rather are pushed by the giant waves of the global economy."

On August 25, the news of China's central bank's daily net injection of 300 billion MLF was like a stone thrown into the cryptocurrency lake. On the surface, it appears to be liquidity easing, but combined with Bitcoin's drop from $118,000 to $113,000 that day, the truth is even more intriguing—signals of 'liquidity' in traditional markets have instead led the cryptocurrency market to sense risks ahead of time.

How does macro data 'manipulate' the nerves of the cryptocurrency market?

U.S. PCE Data Ignites Rate Hike Panic

When the news broke in August 2025 that the U.S. core PCE was approaching 3%, Bitcoin fell by 8% that week. This is not a coincidence: historical data from the Federal Reserve shows that whenever PCE exceeds 2.5%, the average drawdown in the cryptocurrency market reaches 15%. Even more explosive, after Powell released a 'dovish' signal at the Jackson Hole meeting on August 23, Ethereum soared 12% within 24 hours, but then retraced all its gains due to market concerns about 'policy lag'—the words of central bank officials have more influence on cryptocurrency prices than computing power.

Tariff Hammer Creates a Golden Pit

In February, when Trump imposed a 25% tariff on India, Bitcoin plummeted by 6% in a single day, but three weeks later, it rebounded by 20% against the trend. Historical data reveals a pattern: during the early stages of a trade war, cryptocurrencies are sold off, but in the long run, they become a tool for hedging inflation. When the CPI rose to 4.5% in April 2025, institutional funds flowed into Bitcoin trust products with a net inflow of over $1.2 billion, confirming the narrative of 'digital gold'.

Hidden Clues in Earnings Reports

NVIDIA's earnings report in August was particularly interesting: gaming revenue halved year-on-year, directly related to the shrinking demand for Ethereum mining. When Ethereum completed its 2.0 upgrade, the demand for GPU computing power plummeted by 30%, leading miners to sell off graphics cards, which further spread panic in the secondary market—one industry's winter can predict cryptocurrency prices better than any technical analysis.

Where Will the Next Explosion Point Be?

Will the Fed pause interest rate cuts in September? Can China's GDP data stabilize in October? The answers to these questions may be hidden in your trading strategy.

Follow me, as next week I will deeply analyze the impact of 'Trump's Tariff 2.0' on the stablecoin market—when the giant wheel of traditional finance turns, is cryptocurrency a lifeboat or the Titanic? #币安Alpha上新