#数字资产市场动态 The market is showing some very strange signals.

Have you noticed — US stocks are declining, but gold and silver are hitting record highs, while $BTC and $ETH are rising against the trend? Behind this misalignment, there are three variables that are about to change the game.

**The first variable: The shift in monetary policy**

There will be a personnel change in May. The successor has a nickname in the market called "Money Printing Expert," and his governing style is likely to be — rate cuts + liquidity infusion. In the short term, risk assets may celebrate wildly, but this essentially gives a strong boost of liquidity to the global financial system. The bigger the bubble, the more powerful the burst will be in the end.

**The second variable: The pressure cooker of geopolitical tensions**

The Middle East is currently a powder keg, and trade tensions are heating up — a new round of tariffs could reshape the global supply chain. Whenever the world becomes uncertain, funds tend to flow into safe assets. At this time, digital assets like $BTC and $ETH have become new safe havens, somewhat akin to traditional gold.

**The third variable: The response of the crypto ecosystem**

Driven by expectations of liquidity infusion and safe-haven demand, projects like $LINK and $UNI within the Ethereum ecosystem may see a rally in the first half of 2026. But be cautious — this rise driven by macro liquidity accumulation is not very solid. Rapid gains may also mean rapid declines. Rather than investing, it’s more like trading waves within a bubble.

Final words: Bubbles created by liquidity will always burst; the key is whether you can find opportunities before the burst.