Factory output in the world's second-largest economy just hit a record low. The slowdown traces back to festive season stockpiling patterns that threw production schedules off balance. What does this mean for markets? When industrial activity contracts at this scale, it often signals broader economic headwinds—the kind that reshapes capital flows across traditional and digital assets. Investors watching macro trends should pay attention: economic cycles still drive sentiment in Web3, even as decentralized systems evolve independently.