At a time when the U.S. government is in a shutdown, the traditional market is increasingly volatile due to uncertainty, while Bitcoin has shown a strong performance against the trend—this is not a coincidence, but rather a resonance of three core logical forces at work.
Firstly, the policy expectation window has opened. The government's "shutdown" directly led to the suspension of key economic data such as employment and GDP, essentially putting a "fog lens" on the Federal Reserve's assessment of the economy. The market anticipates an increased probability of a rate cut by the Federal Reserve in October, and the expectation of policy easing has become an important driving force behind Bitcoin's rise.
Secondly, the safe-haven attribute has been strongly highlighted. When traditional financial markets are caught in turbulence due to a policy vacuum, Bitcoin's advantages become fully apparent: its decentralized nature is not affected by any single government, and its global circulation combined with 7×24 hour trading makes it a new haven for funds seeking to avoid risk, with safe-haven funds continuously flowing in to drive up the price.
Thirdly, institutional actions combined with short covering create a synergy. On one side, 'smart money' is accelerating entry, with a net inflow of 430 million in a single day for the U.S. Bitcoin ETF and zero outflows; on the other side, over 400 million in Bitcoin shorts are forced to be liquidated due to losses, the extreme differentiation of long and short forces further amplifies the upward momentum.
This round of rising momentum has long surpassed the simple release of market sentiment—more crucial signals indicate that Bitcoin is quietly completing its role transformation: from a past marginal speculative product, gradually leaning towards having safe-haven attributes as 'digital gold', its value storage function is being redefined by the market.#美国政府停摆
