#美国贸易赤字状况 $SUI $DOGE $PEPE

【2026 Global Capital Flows Shift: How the Dollar Credit Crisis Could Trigger a Crypto Safe-Haven Wave】
Ladies and gentlemen, the market has already erupted with major events at the start of the new year.
The power struggle among top U.S. political leaders is profoundly reshaping the global financial landscape. Recently, the Federal Reserve’s independence has faced unprecedented challenges—pressure to directly influence policy decisions is beginning to surface. This is not just a power struggle; it’s a critical game surrounding the credibility of the dollar.
**The market’s immediate reactions are already very clear:**
Gold has broken through the $4,600 mark to hit a new all-time high. This number itself is speaking—global investors are voting with real money, what are they voting for? They are voting their doubts about the stability of the dollar.
The dollar index has fallen to 98, marking the largest weekly decline in nearly seven years. Meanwhile, Japan sold $20 billion worth of U.S. Treasuries in one week, reflecting a rapid shift of international capital. U.S. stock index futures weakened, with Nasdaq futures approaching a 1% decline, as the market digests this wave of policy uncertainty.
**Why is this happening? What is the deeper logic?**
On the surface, it appears to be political bickering over the maintenance of the Federal Reserve, but in reality, it reflects direct pressure on interest rate policies. The Trump administration has not only exerted pressure through judicial and public opinion channels but also pushed policies bypassing traditional central bank mechanisms—such as directly intervening in mortgage rates and forcibly lowering credit card interest rates. The underlying logic of these actions is clear: stimulate short-term economic performance, but at the cost of weakening the central bank’s independent decision-making space.
History provides reference points. In the 1970s, Nixon’s government also intervened in Federal Reserve policy-making, resulting in a decade of stagflation. The current U.S. economy is also not particularly strong, and forcing rate cuts amid weak data carries obvious risks.
**How do major institutions view this now?**
BlackRock is reducing its holdings of U.S. Treasuries. Recently, Lagarde’s view has been very straightforward—“American exceptionalism is dead.” JPMorgan has explicitly stated that the dollar and U.S. Treasuries will continue to depreciate. These institutions represent the smartest money globally, and their movements reflect what? A reassessment of the dollar’s long-term creditworthiness.
The European Central Bank has also issued warnings: the White House’s policy mix is gradually eroding the foundation of the dollar as the world’s reserve currency. When the Federal Reserve’s independence is compromised, investor confidence in dollar policy stability begins to waver.
**What does this mean for the crypto market?**
Global capital is seeking alternative stores of value outside the dollar. Gold is surging, and safe-haven assets like Bitcoin are attracting institutional attention. For holders of assets like $SUI, $DOGE, $PEPE, this macro background cannot be ignored—when traditional financial order shows cracks, the appeal of alternative assets rises.
This does not mean cryptocurrencies will directly replace the dollar, but rather that global investment portfolios are being reconfigured. As safe-haven demand increases, it will push up gold and certain digital asset valuations.
**Three core questions:**
1. Can political pressure truly change the Federal Reserve’s policy direction? It depends on how long the central bank’s independence can be maintained.
2. Will the dollar hegemony be shaken this time? It is already shaking; the question is how deep the impact will be.
3. How long can safe-haven assets continue to rise? As long as uncertainty persists, safe-haven demand will continue.
The current question is: will you continue holding dollar exposure, or start allocating to safe-haven assets? This wave of global capital flow shifts is not just an economic issue; it’s a process of re-pricing.