#数字货币市场洞察 According to the latest data, the US manufacturing sector has been in contraction for nine consecutive months. This is a critical signal—when the manufacturing PMI continues to weaken, it usually indicates mounting pressure on economic growth, and market expectations for liquidity and policy adjustments will fluctuate accordingly.

For the crypto market, this kind of macro data ultimately reflects on investors' risk appetite. Manufacturing downturn → economic outlook under pressure → possible changes in central bank policy → adjustments in major asset allocations. Risk assets like $BTC and $ETH typically follow this chain of events.

So this is not just an economic news item. When making asset allocation decisions, we need to closely monitor the trend of US manufacturing data. If it continues to deteriorate, it may signal a larger market adjustment.