最新报道：According to Bijie.com, the latest report from the World Trade Organization (WTO) on October 8th indicated that global merchandise trade growth is expected to plummet from 2.4% this year to 0.5% in 2026, a 72% drop. The report indicates that the delayed effects of Trump's new round of high tariffs, the end of the inventory cycle, and a cooling global economy could trigger a "cliff-like" decline in global trade next year. AI-related products remain the only supporting driver, with semiconductor and server exports increasing by over 20% year-over-year, contributing nearly half of global trade growth. At the macro level, with the manufacturing sector slowing and business confidence weakening, the market may reassess the Federal Reserve's easing path, while escalating trade frictions will also pose a new risk to inflation. In the short term, US stocks and emerging markets may face capital reallocation pressure, leaving AI-related sectors as one of the few resilient sectors. In the crypto market, BTC's short-term liquidity is concentrated between $119,000 and $126,000. If risk assets fluctuate, BTC may fluctuate within this range to seek direction. A Bitunix analyst stated: The structural weakness of global trade reveals the fragile reality of the post-globalization era—growth is no longer balanced, but a "two-speed economy" driven by technological innovation and liquidity. While the AI boom has certainly extended its lifespan, trade frictions and policy frictions suggest a repricing of medium- and long-term risks. The core question for future markets is not whether growth can be sustained, but who will dominate the narrative in an era of shrinking liquidity.