#加密市场回调 The latest survey data from NABE is out, and the U.S. economic growth is expected to rise 2% in 2026. At first glance, it seems okay? But a closer look at the employment data reveals something is off.

The average monthly new jobs have dropped from 60,000 to 58,000, and the unemployment rate is expected to rise to 4.5%. Inflation is also quite sticky—2.9% in 2025, and it needs to maintain at 2.6% in 2026. This combination of high inflation and low employment is essentially a typical precursor to stagflation. What about the Federal Reserve? A 25 basis point rate cut in December, and another 50 basis points squeezed out in 2026. This gradual approach to monetary policy has a very limited effect on improving market liquidity.

When traditional financial markets are weak, crypto assets often exhibit unique hedging properties. The fact that Bitcoin rose more than 140% during the interest rate cut cycle in 2019 is clear evidence. Now, the continuous inflow of institutional funds on-chain is not a coincidence. As the purchasing power of fiat currency continues to be diluted, the scarcity value of BTC becomes even more pronounced.

For ordinary investors, simply holding cash in a high inflation environment is equivalent to chronic blood loss. Allocating a certain proportion of crypto assets as a hedge is a strategy worth considering. $BTC and $ETH are essential configurations, not to mention that new public chain ecosystems like Solana can also provide greater flexibility. Remember to build your position in batches, and don't go all in at once. The market volatility in 2026 is unlikely to be small.

The most expensive cost in the market is often not the losses, but the missed opportunities. While most people are still on the sidelines, informed capital has already started to position itself.