Major automaker GM is bracing for a $7.1 billion hit this quarter. The culprit? A brutal combination of EV market slowdown and hefty China restructuring costs. What does this mean? Traditional industries are feeling the pressure as consumer demand for electric vehicles cools off, forcing massive writedowns. The China pivot is even messier—restructuring fees pile up as they recalibrate operations in the world's largest EV market. For crypto and blockchain observers, this signals broader macro headwinds. When legacy industries face this kind of financial pain, it often ripples across asset classes. Market cycles turn, investor sentiment shifts, and risk appetite tightens across the board. Companies betting on EV growth suddenly look vulnerable. Strategic pivots become urgent. It's a classic sign that the easy-money era is fading. Keep tabs on how traditional finance navigates these choppy waters—it usually precedes moves in digital assets.