Recently, the global financial world has been playing out a strange and inexplicable drama. The US GDP growth rate hit 4.2%, a figure that could ignite any market’s celebration, yet Wall Street remained unmoved, with the stock market staying flat. Good news was treated as bad news, leaving everyone completely baffled.

As a result, policymakers directly exploded in anger. A barrage of criticism was hurled at Wall Street and decision-makers: "What are these people doing? Good data can be spun into bad news. What are they thinking?"

This may seem like a momentary emotional outburst, but it actually hits the soft underbelly of traditional financial markets—their extreme sensitivity to policy changes. The truth is simple and blunt: stock market declines are not due to poor economic performance, but precisely because the economy is too strong. A robust economy suggests a potential rise in inflation, and the Federal Reserve could tighten monetary policy at any moment. Once liquidity contracts, those inflated valuations will burst. Capital can only run away. That’s why you see this bizarre scene—better data leads to more market fear.

But this is exactly the opportunity in the crypto space. The underlying logic of traditional finance and the crypto market has completely reversed. Stocks fear liquidity tightening and policy restrictions, while the crypto market longs for liquidity to flow in. Policies that others avoid like venomous snakes and scorpions are signals here—indicating that the capital window has opened.

This market divergence is less a crisis and more a manifestation of the differing mechanisms between sectors. One fears dry water, the other fears too much water. These two markets, with completely opposite logics, are playing out entirely different stories under the same macro environment.