Recently, when the US trade data was released, many people still focus on candlestick charts, but the real signals are at the macro level.

Imports continue to exceed exports, and the trade deficit is growing. What does this mean? Simply put, US dollars are continuously flowing out of the United States.

So where are these dollars going? They don't just disappear into thin air; they seek returns in global markets. The current situation is: US Treasury yields are being eroded by inflation, US stock valuations are oscillating at high levels, and geopolitical and policy uncertainties are quite significant. In this environment, do you think these dollars will obediently stay in traditional financial assets and depreciate? Obviously not.

They will inevitably seek places with higher risk premiums—including crypto assets. This doesn't mean a surge tomorrow, but this macro backdrop indeed provides the soil for the survival and development of the crypto market.

From an investment perspective, the real risk isn't short-term volatility, but that your asset allocation is too single—entirely in fiat or a single currency. As the expectation of the dollar's continued depreciation strengthens, the necessity of diversification becomes self-evident.