Cber Viện Nghiên Cứu

The narrative of power in the United States is pushing crypto assets from "marginal speculative products" to "financial instruments that can be governed by the state," and the market is also accustomed to betting in advance before the system is implemented.

What people see is not just a fun meme, but more like a clear roadmap for listing coins.

Macroeconomic liquidity can be seen as a slowly moving film, with prices being the photos etched on the film. The clearer the direction of the film is, the weaker the sense of shock brought by each unexpected plot twist.

As we enter the end of 2025, macro liquidity and the cryptocurrency market are once again intertwined.