To be honest, I was originally hoping that BTC could break new heights with the recent market atmosphere. What happened? A trade statistics report directly delivered a wake-up call to the entire circle.

Having been in the crypto space for so many years and witnessing various storms, my conclusion after seeing this set of numbers is: now is really not the time to mindlessly buy the dip. The macro-level cooling signals are stronger than most people expect.

Let's first take a look at this data that has set the market ablaze —

The export data for October 2025 fell by 1.1% year-on-year. It is important to note that this is the first time since early 2024 that negative growth has occurred, while the market originally expected a positive growth of 3%, but instead, there was a complete turnaround of 180 degrees. Even more exaggerated? Exports to the U.S. experienced a drastic collapse of 25%!

There are two underlying reasons for this: first, the continuous pressure from tariff policies, and second, many companies rushed to ship goods before the tariffs took effect. Now, with the high base effect becoming apparent, the data naturally looks bad. The deeper issue is that more and more companies are beginning to adjust their supply chain layouts, which is not just a simple short-term fluctuation, but a structural change.

Looking at the import side again, it only grew by 1%, far below the performance in September. In simpler terms: internal demand is weak—manufacturing's willingness to procure raw materials has declined, and consumers show little interest in imported goods. The result? The trade surplus contracted to $90.07 billion, significantly deviating from expectations.

Why should crypto investors pay attention to this?

As the world's largest exporting economy, this set of data is actually a core indicator of global economic health. The cooling demand in major markets in Europe and America means that global industrial activity and economic growth are both weakening. And cryptocurrency assets, after all, are still risk assets. When the macro environment tightens and liquidity expectations worsen, funds will naturally become more cautious.

So at this stage, instead of blindly chasing the rise, I recommend that everyone:
1. Pay attention to the subsequent actions of the Federal Reserve and the global central bank policy trends.
2. Reduce leverage and maintain a reasonable position
3. If you really want to configure, prioritize fundamentally solid mainstream coins.

The market is never short of opportunities, but at this macro turning point, preserving capital is more important than making quick money. Don't let a moment of impulse ruin years of accumulation.