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The wave of the US economy's growth is quite strong. The third quarter GDP growth rate has been released, at +4.3%, directly exceeding expectations—analysts originally estimated +3.3%, and the previous quarter was +3.8%. This is the highest growth rate since 2023.
What does this mean? A recession is basically off the table. With such a strong economy, the probability of the Federal Reserve cutting interest rates also diminishes. The hope that rate cuts could stimulate market liquidity now seems to be fading. 😭
But don’t be too pessimistic. If the Chair of the Federal Reserve changes, the policy tone might loosen. Currently, it looks very likely that Haskett will take over as Fed Chair. Once he takes office, the impact on the crypto market and the overall liquidity landscape will be the real variable to watch. How things develop next depends on how this move unfolds.
Let's wait until Hasset takes office; maybe there will be a turning point.
Damn, 4.3% directly crushed my interest rate cut dream. Looks like I need to change my approach.
If the Federal Reserve really changes personnel, there might be hope for crypto. Right now, it's just a gamble on policy shifts.
GDP declining so sharply really doesn't look good, but for the crypto world, it might not necessarily be a bad thing.
Without interest rate cuts, where will the liquidity come from? It feels like Hasset might have to turn the tide.
4.3% is indeed aggressive, but this isn't all good news for the crypto world.
The Fed Chair's move is crucial; it depends on how Hasset plays his cards.
A strong economy doesn't necessarily mean good news for cryptocurrencies; we still need to wait for policy easing.
Hmm, now the expectations for steady growth and interest rate cuts are a bit at odds.
Honestly, I would prefer a recession with more liquidity over strong growth with tightening.
I wish Hasset had taken office earlier, that would have been the turning point. Now we're just waiting to see.
4.3% looks good, but for our crypto circle, liquidity is the key.
It's tough that rate cuts seem unlikely, but the expectation of policy easing supports the price.
Betting that Hasset can bring some variables; otherwise, this wave really has no meaning.
Really, the dream of rate cuts is shattered, liquidity will have to wait
However, if Hasset takes office, maybe he can turn the situation around. We'll see then
This is the key. Changing the person in charge of policy can really change the world
GDP rising is actually bad news? The fate of crypto people, huh
Having Hasset take the stage is the key; relying on him to loosen crypto regulations.
A strong economy ≠ promising crypto; don't get the logic mixed up.
Americans really know how to perform; GDP data always exceeds expectations. Who would believe it?
The rate cut dream is shattered, but changing the chairman could turn things around. We'll have to wait and see.
Can Hasset really turn the situation around once in office? Feels too optimistic.
The GDP is growing so rapidly that it's not necessarily a good thing; interest rates will only become more rigid.
Wait, isn't the +4.3% figure indicating inflation again? Why do I feel like I've been cut?
Can changing the chairman save crypto? Honestly, I don't really believe it. Let's wait and see.
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Damn, the surprise is so big, my rate cut dream is shattered.
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The economy is too strong, which is not a good thing; without liquidity, how can the crypto market play?
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I'm optimistic about Hasset. If he really comes, the Federal Reserve's policy will have to shift.
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Recession is unlikely, but the probability of a rate cut is also low. This deal isn't very profitable.
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The key still depends on how the Fed Chair changes; that's the real variable.
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4.3% sounds great, but for the crypto world, a rate cut is the real king.
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If Hasset takes over, the crypto market might really have a chance. Let's keep waiting.
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GDP is so strong that a rate cut in the short term is basically impossible, which is a bit heartbreaking.
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Instead of focusing on GDP data, it's better to watch for changes in the Federal Reserve leadership.
Hasset's rise is the real variable; that's what we should be watching.
The US economy is strong, so be it. Anyway, rate cuts are gone, and liquidity remains tight.