Just now, a chilling economic data point was released.

The ratio between the US "leading indicator," which predicts economic trends, and the "coincident indicator," which reflects the current state, has dropped to 0.85. What does this mean? It's the lowest point since the 2008 financial crisis. If you look at historical records, every time this ratio experiences such a cliff-like drop, the US economy almost always enters a recession cycle afterward.

The alarm has sounded, and the question now is—what does this mean for the crypto market?

To be honest, this needs to be viewed from both sides. On one hand, once recession expectations spread, panic will drag down all risk assets, and Bitcoin and other cryptocurrencies are likely not exempt, with sharp short-term volatility likely.

But on the other hand, things might not be so simple. To combat a recession, the Federal Reserve will almost certainly be forced to accelerate rate cuts, and may even resume large-scale quantitative easing. Once liquidity really comes in, history tells us where this money tends to flow. Very likely, it will include the crypto market.

So now is a contradictory moment: in the short term, we may face the impact of a recession, but in the long run, this shock may actually give rise to a new round of easing. What do you think? Are you more concerned about short-term turbulence or more hopeful for the potential release of liquidity afterward?

The future trends of BTC, ZEC, ETH, and other major coins may lie in the answer to this question.