Many people are curious: why does the crypto circle always love to discuss macroeconomic indicators like trade deficits? The underlying logic isn't complicated; it's just that few people truly connect the dots.

Let's start with the most direct point: what does an expanding trade deficit mean? It indicates that domestic demand in the U.S. is strong but supply is insufficient, often reflecting weak economic growth momentum. When faced with this situation, the Federal Reserve typically considers lowering interest rates to release liquidity. When liquidity is abundant, risk assets—including volatile assets like BTC and ETH—become popular for capital allocation.

Now, looking from the perspective of the US dollar: a trade deficit puts pressure on the dollar's exchange rate, causing the dollar to weaken relative to other currencies. Cryptocurrencies priced in USD often see valuation opportunities rise during this time. This is not a coincidence; exchange rate fluctuations directly impact asset pricing.

Finally, there's an often overlooked factor—changes in capital flow. During economic adjustment cycles, large institutions reassess their asset allocation strategies. As an emerging sector, the crypto market often attracts a lot of hedge and speculative funds during such periods.

This explains why you often see the market reacting in BTC and ETH prices after discussions about trade data in the forums. Any macroeconomic movement will ultimately find its reflection in the market.