#BTC Forwarding, under the multiple fogs of global economy and politics, the Crypto Assets market is facing the risk of returning to historical lows or even deeper adjustments. Bitcoin may possibly fall back to the price range of several years ago, and Ether also has the possibility of retreating to the three-digit dollar level. The root of all this lies in the survival selling wave triggered by the increasingly severe uncertainty globally.

Currently, the global economy is in a fragile balance. From the $36 trillion U.S. debt facing collective dumping by multiple countries and yields soaring to decades-high levels, to the shadow of trade wars triggered by changes in trade policies, and the subtle shifts in trust in various countries' monetary systems, the foundations of the macroeconomy are beginning to shake. This instability does not exist in isolation—just as the 1929 Great Depression was ignited by policy uncertainty and the Black Monday of 1987 was triggered by liquidity panic, today's global market is similarly susceptible to chain reactions triggered by political games and regime changes. When the dollar credit system faces challenges, the tolerance of capital for risk assets will sharply decline, and cryptocurrencies, as a typical high-volatility category, will naturally bear the brunt.

More critically, this uncertainty is permeating the survival decisions of ordinary people from a financial level. Historical experience has long proven that when a crisis strikes, investors instinctively dump risk assets in exchange for cash—the essence of the bank run after the 1929 stock market crash was people's urgent craving for liquidity. Currently, if the global economy further declines, investors in the crypto assets space are very likely to massively reduce their holdings to ensure basic living needs. This type of selling based on survival needs is different from conventional market adjustments; it often lacks rational support and can create a self-reinforcing panic cycle, just like the scene in October 2025 when over 1.6 million people panicked and exited during a single-day $19.1 billion liquidation wave in the crypto assets space.

Under such a logical chain, the continuous decline of global stock markets and the coin market may become the norm, and more extreme situations are also possible. The fundamentals of the crypto assets market are already fragile, and most small-cap coins lack actual application support. Once funds withdraw on a large scale, their prices may quickly drop to zero. Even though leading coins like Bitcoin and Ethereum have a certain market depth, it is still difficult to withstand the impact of systemic risks—after all, survival comes first.