The rise and fall of the crypto world seem chaotic, but in reality, macro news is the main driver behind it all. Those who can't understand this logic often become the ones getting cut.

Today’s batch of news may seem unrelated to the crypto market? Think again. On this side of the country, the newly enacted VAT law and the commercial mediation regulations from the State Council are setting the framework for the economy next year. When economic expectations stabilize, funds are more willing to flock into high-risk markets like crypto. Meanwhile, the Cyberspace Administration and the CSRC are cracking down on false information in the capital markets—this move is very aggressive. Previously, the crypto community’s narrative that "a certain coin is about to hit the top"