#数字资产市场动态 ⚡ The looming government shutdown in the US is once again approaching, with January 31 becoming a countdown on the market's nerves. Congress's failure to reach a budget agreement and their hurried adjournment could trigger a new round of market "fast freezing."

**Liquidity freezes, risk assets take the hit first**

A shutdown sounds abstract, but what does it actually mean? Thousands of billions of dollars in government spending instantly freeze, and a chunk of liquidity in global markets will be forcibly drained. Risk assets like Bitcoin are often the first to suffer. Compounding the situation, regulatory agencies like the SEC and CFTC will enter a "dormant" state, and crypto-friendly legislation such as the "Clear Act" will likely be delayed until 2026. In the short term, this is indeed an uncomfortable window.

**But the turning point lies after the "opening floodgates"**

This is the interesting part—the smart money is waiting for the moment the government reopens. Once the budget agreement is finalized, the frozen massive funds will flood back into the market like a breached dam. History shows that the S&P 500's average annual gain after a government shutdown ends reaches 13%. For highly volatile assets like cryptocurrencies, the rebound is often even more vigorous—that's the market's "hidden QE."

**History has no standard answer, but offers insights**

In 2013, during a shutdown, stocks fell while Bitcoin rose; in 2019, both declined simultaneously. This time? No one can be certain. But some analyses suggest that this shutdown could even serve as a test of the crypto bottom. Instead of guessing the outcome, it's better to develop a clear response plan: avoid unnecessary volatility during the chaos, and prepare for the liquidity surge. Hold core positions steady, keep some cash reserves, and wait for that "opening red" moment. $BTC, $ETH, and $INIT are all worth watching.

The storm before the calm is often the best window for deployment. Are your chips ready?