3/3 ⭐️ 3. Medium- and long-term impact of tariffs on the crypto market📈: There is a possibility of liquidity rebound The medium and long term need to be judged based on the policy direction. Under pessimistic circumstances, if the long-term trade war leads to the global economy in stagflation, central banks in various countries are in a dilemma, traditional assets may continue to turmoil, and the crypto market will also face the dilemma of lack of incremental funds and sluggish risk appetite. This will test the resilience of the industry, and there may be a situation where retail investors continue to flow out and institutional allocation slows down. Under optimism, if the tariff shock forces the Fed to relax monetary policy (such as interest rate cuts) to ease the risk of recession and enter a new easing cycle, then crypto liquidity is expected to rebound. At the same time, tariffs → rising costs → inflationary pressure is a classic economic transmission. If the inflationary pressure driven by tariffs has been slow to dissipate, then the narrative of BTC as a "anti-inflation" asset will be highlighted, playing the role of hedging inflation and currency depreciation, and becoming popular again as "digital gold". In general, the medium- and long-term impact is not one-way. Bitcoin has a chance to turn around, provided that the fundamentals and beliefs are still there! We will also keep our attention and dynamic assessment! 💪