The stock market futures have become stagnant after disappointing US economic data. Market participants are currently in a wait-and-see stance, maintaining cautious trading activity until clearer economic signals emerge. This wave of weak economic data sends an important signal: investors are beginning to reassess the pricing of risk assets. Against this macro backdrop, not only are traditional financial markets facing uncertainty, but the direction of the crypto asset market is also worth paying attention to—after all, fluctuations in the global economic cycle often propagate throughout the entire risk asset ecosystem.