Recently, the White House official was once again ranting on social media. In a late-night video, he listed his "achievement list": inflation has come down, oil prices hit a five-year low, the stock market repeatedly reached new highs, and tariff policies have significantly increased fiscal revenue — but amidst the complaints, there was underlying dissatisfaction: "With such impressive economic data, why is no one acknowledging it?"

Honestly, setting aside emotions, these numbers are indeed worth pondering. What does the decline in inflation imply? Will the Federal Reserve's monetary policy loosen accordingly? Behind the stock market's surge, is there real money flowing or are bubbles forming? And the surge in tariff revenue, could it alter the dollar's liquidity landscape?

For the crypto market, these macro variables are all sensitive nerves. Cooling inflation and rising expectations of Fed rate cuts may lead traditional capital to seek new high-yield assets — cryptocurrencies often become that "unexpected option." When the stock market rises and risk appetite improves, capital outflow effects could also spill over into digital assets. Looking at dollar liquidity, if it truly loosens because of improved fiscal revenue, it would definitely be a positive signal for the crypto space.

Of course, some question whether this is genuine "growth without inflation" or just another narrative spin. Good economic data doesn't mean the market will buy blindly. After all, there's always a gap between policy expectations and actual implementation.

But one thing is certain — whenever major policy shifts occur in traditional financial markets, the crypto market often senses the trend early. Will this be a bullish signal, or just another "wolf coming"?

What do you think? Are these macroeconomic changes an opportunity or just noise for the crypto market? Is the bear market really ending?