The net worth of American households will reach a turning point in Q3 2025. The latest data shows that household net worth has decreased to $6.064 trillion, a decline of approximately 14.4% quarter-over-quarter, significantly down from $7.086 trillion in the previous quarter. This change reflects rapid shifts in asset prices and market sentiment. Against the backdrop of risk asset re-pricing, the correlation between traditional finance and the crypto market is becoming increasingly evident—household wealth shrinking often coincides with the reallocation of global liquidity, causing fluctuations in demand expectations for crypto assets.