#美国终止政府关闭 To be honest, the 43-day range-bound battle has finally come to an end. In the early hours of November 13th, the temporary funding bill narrowly passed the House with a vote of 222 to 209, and after being signed into law, this longest deadlock in history can be considered over. The Congressional Budget Office estimated that the direct losses amount to over a hundred billion dollars.

However, there is a rule in the market - every time such a major event is settled, the funds burst out like they have been held back for a long time.

Looking back at old records, you will find that after the end of the shutdown in 1995, the S&P 500 surged by 6.1% in one month and maintained 4.2% over three months; in 2013, the increase was slightly more moderate, with 3.4% in one month, but a cumulative 6.1% over three months; the most dramatic was in 2018, with a 4.9% increase in one month, and a direct spike to 9.8% over three months, while the Nasdaq was even more exaggerated, directly reaching 13.1%. The fiscal restart combined with liquidity returning greatly benefits high-volatility assets.

Gold? That's another story. When risk aversion retreats, gold prices often give back gains—falling 1.7% in three months in 1995, and plummeting 6.1% in 2013, while rising then going range-bound in 2018. In the short term, a pullback of 5 to 10 percentage points is quite normal, especially when the dollar is strong.

The performance of $BTC is truly interesting. During the halt in 2013, it climbed from $120 to $200 and continued to rise by 15% after the end; during the round from 2018 to 2019, it bottomed out at $3200 and rebounded to $4200, with a three-month increase of over 30%. During this halt, it firmly held at $65,000, and after it ended, the trading volume surged by 20%, with ETF inflows accelerating noticeably.

USDT leverage can be used, but don't get carried away. Keep an eye on regulatory trends and economic data in the coming weeks, and withdraw if necessary. As uncertainty dissipates, the window period has already opened.