U.S. October trade deficit just came in at -$29.4B, crushing expectations of -$58.1B and beating last month's -$48.1B reading. This significant narrowing sends mixed signals to markets. Tighter trade numbers could support dollar strength in the near term, but the underlying factors—demand patterns, supply chain shifts—deserve closer attention. For crypto traders watching macro headwinds, this data matters. A stronger greenback typically pressures altcoins, while USD weakness can spark alternative asset inflows. Eyes on Fed reaction and how this shapes inflation expectations ahead.