According to @macrocephalopod, current shipping figures for routes between Shanghai and Los Angeles are collapsing as the brief surge in April was primarily due to front-loaded demand ahead of tariff increases. Spot shipping rates are now reverting to their historical averages, which signals a normalization in trade activity. This trend may influence risk sentiment and liquidity in cryptocurrency markets, as shipping data often correlates with broader economic activity and the United States GDP growth rate (source: @macrocephalopod Twitter). Traders should monitor these macroeconomic shifts for potential impacts on crypto price volatility and market direction.