#以太坊大户持仓变化 🚨 Big event this Friday — the U.S. Supreme Court will make a final ruling on Trump's tariff policy. On the surface, it's a trade dispute, but in reality, it directly impacts the sentiment of global capital markets.

What will the ruling be? Two scenarios:

One is the court rejecting the tariff plan. Optimistic sentiment may rebound in the short term, but this doesn't mean the trade war is over. Goldman Sachs analysts believe the government may turn to other legal tools to continue applying pressure, so this brief respite for the market might soon be interrupted.

The second is the court supporting the president's authority. If tariffs are implemented directly, inflation expectations will rise, and policies of "beggar-thy-neighbor" will become more explicit. Risk assets will come under collective pressure, which is not friendly to stocks and commodities.

🔍 Why is this particularly important for the crypto market?

Fundamentally, it reinforces two core themes the market is experiencing: the extreme uncertainty in the global policy environment and doubts about the dollar's dominant position. Research from U.S. banks shows that cryptocurrencies are highly sensitive to liquidity changes and often lead policy signals in their price movements. In an era of escalating geopolitical risks and repeated central bank policies, Bitcoin's narrative as a "non-sovereign digital asset" will only grow stronger.

💡 How to respond?

Short-term: Market volatility around the ruling is high; high leverage trading can easily lead to pitfalls, so exercise caution.

Essentially: What truly drives the crypto market are Federal Reserve policies and institutional capital flows. These liquidity factors are the long-term determinants.

Strategy: Macro turbulence presents an opportunity for deployment. Don't expect to make quick money from a single court ruling; a smarter approach is to use emotional swings to find better long-term entry points.

$BTC $ETH $DOGE All worth paying attention to.