#ETH 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 Ethereum also has the possibility of retreating to three-digit dollar levels. The root of all this lies in the survival selling wave triggered by the increasingly intensified uncertainty globally.

Currently, the global economy is in a fragile balance. From the collective dumping of $36 trillion in US debt by multiple countries, leading to yields soaring to decades-high levels, to the shadow of a tariff war triggered by changes in trade policies, and the subtle changes in trust in various countries' monetary systems, the foundation of the macroeconomy has begun to shake. This instability is not isolated—just as the 1929 Great Depression was ignited by policy uncertainty causing panic, and Black Monday in 1987 was triggered by liquidity panic, today's global market is similarly susceptible to chain reactions triggered by political gamesmanship and regime changes. When the US dollar credit system faces challenges, capital's tolerance for risk assets will sharply decline, and cryptocurrency, as a typical high-volatility asset, will naturally be the first to bear the brunt.

More critically, this uncertainty is penetrating the survival decisions of ordinary people from a financial level. Historical experience has long proven that when a crisis strikes, investors instinctively sell risk assets for cash—the essence of the bank run following the 1929 stock market crash was the urgent demand for liquidity. At present, if the global economy further declines, investors in the crypto asset space are very likely to massively reduce their holdings in order to secure basic living needs. This survival-based selling 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 liquidation of 19.1 billion USD in the crypto asset space.

Under such a logical chain, the continued decline of global stock markets and the coin market may become the norm, and even more extreme situations are not impossible. The fundamentals of the crypto assets market are already weak, with most small-cap coins lacking practical 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 certain market depth, they are still vulnerable to systemic risk impacts—after all, in the face of the survival-first principle, the so-called "digital gold" halo may temporarily give way to tangible cash for living.