In early October, Bitcoin experienced a sudden crash, and Ethereum broke through a key support level. The cryptocurrency market faced an unexpected plunge, triggering alarms about tightening global liquidity. This, perhaps, is only exacerbated by OPEC's difficulty in alleviating the inflation crisis in the United States! The article mentions that Trump's economic policies are systematically increasing the long-term inflation risks in the U.S. When the veil of false prosperity is lifted, the 'zero-sum game' played by retail investors in the U.S. stock market is reaching its end, and the 'gray rhino' of inflation will ultimately break through all embellishments, becoming the ultimate measure of policy success or failure. For the world, this inflation vortex triggered by U.S. policies may have just begun to reveal its destructive power. On October 19, it was reiterated that risk assets have entered a stage of liquidity shortage. Is this the calm before the storm? A deep dive into the 'dollar liquidity crisis' reveals that we may be transitioning from 'liquidity shortage' to 'liquidity exhaustion.' The real comprehensive crisis has yet to arrive, but its preconditions are being met step by step.