Turkey's industrial production in November continued to grow month-on-month, with an annual growth rate of 2.4%. Although the increase appears moderate, in the context of a slowing global economy, any positive growth in the European manufacturing sector is worth noting. Industrial production, as an important leading indicator of economic activity, directly reflects market demand and corporate production willingness. Such data often influence central bank policy directions, which in turn affect the cryptocurrency market. Especially as the Federal Reserve continues to monitor the global economic situation and assess the room for further rate cuts, the trend of industrial data in various countries could become a catalyst for the rotation of risk assets.