浅墨分析师

Is the Federal Reserve's direction about to change? The popular candidate for Federal Reserve Chair pushed by Trump, Hassett, recently made his stance clear— even if he smoothly takes office, the President's personal opinion in the committee's vote is "not binding." In simple terms, the White House's suggestions are for reference only; the Federal Reserve's decision-making votes ultimately have to be based on their own judgment.

This statement has a significant impact on those of us participating in the market, and three points must be emphasized:

1. Don't have overly optimistic short-term expectations: Those who previously hoped for the Federal Reserve to quickly shift to easing should now rationally cool down. The pace and intensity of interest rate cuts are unlikely to be as aggressive as expected, and for policy-sensitive niche currencies, short-term adjustments may face pressure;
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2. Keep a close eye on substantial economic data: Hassett clearly stated that "only data-based judgments hold water," so the Federal Reserve's future decisions will place more emphasis on hard indicators, with core data such as CPI and employment figures needing to be closely monitored;
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3. Core positions must be stabilized: As expectation games subside, market differentiation may intensify. Those varieties relying on narrative hype face rising risks, while high-consensus assets like Bitcoin will demonstrate stronger resistance to volatility, so now is a good time to sort out one's portfolio structure.

Hassett dares to publicly say "not to blindly follow" his boss. Is it because he truly has the confidence to defend the independence of the Federal Reserve, or is it a tactic to build momentum before taking office? The real test, I’m afraid, will have to wait until he truly sits in the position of Federal Reserve Chair to see the outcome. Do you think he will be able to withstand pressure and insist on independent decision-making at that time? Let's discuss in the comments section~ Follow me to keep an eye on market dynamics! #美联储降息 #加密市场观察 $BTC $ETH

Brothers, the eye of the market storm has officially formed! Everyone's attention must focus on the Bank of Japan meeting on December 19th—this is not just a solo act of the yen; it may become the key trigger for igniting global risk assets (especially in the cryptocurrency field).

Core Variable: The closing tide of yen arbitrage trading
The root of all this is the “yen arbitrage trading” logic that the global market has been playing for years. Simply put, institutions borrow yen at nearly zero cost, exchange it for dollars, and then heavily invest in high-risk assets like Bitcoin to profit from the spread. However, once the Bank of Japan tightens monetary policy and initiates interest rate hikes, this approach becomes completely ineffective:

- Borrowing costs soar, and the original arbitrage space disappears;
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- Investors are forced to close positions en masse: selling their Bitcoin to exchange for yen to pay off debts;
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- This chain reaction of selling will inevitably hit Bitcoin first, as a highly liquid asset.

History has the answer: every rate hike has been followed by a significant correction
A look back at past data makes it clear that every round of interest rate hikes by the Bank of Japan since 2024 has led to heavy losses for Bitcoin, with declines all exceeding 20%:

- March 2024: After the rate hike, Bitcoin fell by about 23%;
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- July 2024: After the rate hike, Bitcoin corrected by about 26%;
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- January 2025: After the announcement of the rate hike, Bitcoin's decline reached 31%.
If this rate hike arrives as expected, history is likely to repeat itself. Many analysts predict that Bitcoin's price may quickly retract to the range of $70,000 to $72,500, and even the technical indicators showing a 'bear flag pattern' point to a lower target of $67,000.

Not just the Bank of Japan: Multiple storms are overlapping
Next week's market can be described as a 'critical event intensive period,' with high volatility likely:

- U.S. Non-Farm Payroll Report: Data will be released in a consolidated manner, and any performance exceeding expectations could stir market sentiment;
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- Federal Reserve dynamics: Officials' public speeches + key economic data will continue to influence market expectations for liquidity;
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- Technical warning: The demand for Bitcoin spot purchases is sharply declining, and the inflow of related ETFs has turned to outflows, clearly indicating a weakening of buyer confidence. #加密市场观察 $BTC $ETH

The Bank of Japan is raising interest rates again, why is the cryptocurrency market so "stable" this time?\n \nDuring the last rate hike, Bitcoin plummeted from 65,000 to 50,000, and Ethereum also fell below the 2,000 mark, causing panic in the market. But this time the scenario is likely to be different—two core reasons help clarify why there’s no need to panic:\n \n🔥 1. The market had already priced in expectations\nNet long positions in the yen have piled up significantly, making it difficult for short-term speculative trading to surge further; more importantly, since the beginning of this year, Japanese government bond yields have risen sharply, with both short- and long-term yield curves hitting new highs, indicating that the interest rate hike has already been digested by the market in advance.\n \n🔥 2. The Federal Reserve just gave the global market a "reassurance"\nThis week, the Federal Reserve cut rates by 25 basis points and introduced liquidity support policies, making global liquidity overall more accommodative. As a result, the risks of concentrated unwinding of yen arbitrage trades and sudden liquidity withdrawal at the end of the year have significantly decreased.\n \n⚠ But the interest rate hike is not over yet…\nThere are internal reports suggesting that the Bank of Japan believes that rates need to be raised to at least 0.75% or even close to 1% to potentially touch the endpoint of this round of rate hikes. The market estimates the "neutral interest rate" (the level where policy is neither too tight nor too loose) to be around 1%-2.5%—this implies there is still room for further rate hikes.\n \nCurrently, nearly 50 analysts predict that the Bank of Japan will raise rates to 0.75% next Friday. The real key point is: will the central bank announce a new analysis of the neutral interest rate? This directly relates to the pace of future rate hikes.\n \n💰 What does this mean for the cryptocurrency market?\nIn simple terms: this time the market has buffers and expectations, and liquidity is also supported by the Federal Reserve. The previous chain reaction of "yen soaring → funds withdrawing → cryptocurrency plummeting" has significantly lower probability now.\n \nThe core logic of the cryptocurrency market is shifting from "global liquidity tightening" to "asset allocation readjustment." Don't forget, whenever traditional markets experience greater volatility, independent trends in digital assets are often quietly brewing～$BTC \n\n$ETH \n\n#美联储降息

Is the alert for interest rate hikes by the Bank of Japan on 12.19 lifted? After the negative news has been fully digested, is the year-end market about to start? #FederalReserveRateCut

Do you remember the last time the Bank of Japan raised interest rates, when Bitcoin plunged 23% in a single day? But this time, the script is likely to completely reverse – the market has already priced in expectations, and key arbitrage positions have been adjusted, significantly reducing the probability of panic selling! #CryptoMarketWatch

The core logic is actually quite simple:

1. Speculators have already positioned themselves for a long yen, with no real motivation for a "sudden liquidation";

2. The yield curve for government bonds had already been rising, and the impact of the rate hike has been slowly diluted over time;

3. The recent easing signals from the Federal Reserve just happen to provide critical liquidity buffers for the market.

When even the most hawkish expectations have been priced in by the market, the real moment we wait for when the "shoe drops" may actually become a turning point for the market. After all, what the market fears most is never the certainty of negative news, but the uncertainty that cannot be grasped! #EcologicalTokensRally

Smart money has already quietly taken action! In the macro negative phase, as the market sentiment slowly recovers, those highly volatile narrative assets often emerge first to lead the rally! Which sectors do you think will become the core main line of the year-end market? Tap on my profile to follow me, and I will continue to track market dynamics and capture opportunities together!
$BTC
$ETH

Be alert! Don't be misled by the superficial signals of "Federal Reserve rate cuts"～

Is everyone fixated on rate cuts, thinking that once the money flows, the crypto market will take off? But today's set of key signals hides the truth: long-term US Treasury prices are plummeting, with the 30-year yield hitting its highest point since September. Clearly calling for rate cuts, yet long-term US Treasuries are dropping—doesn't this operation seem increasingly odd?

In my view, this is simply the market quietly speaking the truth: those capital tycoons have been anxious for a while! They talk about "possible rate cuts," but their actions are very honest—throwing out even long-term government bonds, which are recognized as a "safe haven asset."

It's important to know that long-term government bonds fear two things most: first, inflation returning, and second, government debt becoming unmanageable. Chicago Fed President Goolsbee directly expressed opposition to rate cuts, citing high inflation and ambiguous economic data, which is essentially laying the worries on the table.

For us crypto players, this is definitely not just a minor fluctuation!

The logic has changed: stop believing in the old routine of "rate cuts = bull market." What the market fears most now is not rate hikes, but the ghost of "stagflation" reappearing—no improvement in the economy, yet prices cannot come down. In this environment, Bitcoin's anti-inflation narrative may be activated again, but its connection with traditional finance will become more complex.

Risks are quietly escalating: the divergence among the big players on policy is growing, meaning that the subsequent market will only be more turbulent, and any economic data might trigger severe fluctuations. Especially for friends using high leverage, a sudden fluctuation could lead to immediate exit—do not let your guard down.

Here are some practical suggestions for everyone:
Do not blindly chase highs: any short-term rally driven by rate cut news may be full of traps.
Hold onto core spot: ignore the noise in the market, focus on Bitcoin as digital gold; its core value in countering fiscal risks and inflation pressures is enough.
Prepare your bullets in advance: if the market experiences panic selling due to this "truth exposure," that would be the right time to be greedy against the trend.
#加密市场反弹 #加密市场观察
$BTC

Next week, on the eve of Black Friday, the market is facing a crucial variable! The Federal Reserve just implemented a rate cut on the 10th, and the Bank of Japan may follow suit with a rate hike on the 19th—this time it’s not just a one-off action; there may be a series of follow-up arrangements?

According to sources, internal officials at the Bank of Japan generally believe that the benchmark interest rate may need to break 0.75% for this rate hike cycle to reach a turning point. This is quite a clear signal: the rate hike next week is highly likely just the prologue, with further actions possibly to come.

Currently, the market has almost reached a consensus that at the monetary policy meeting on December 18-19, the Bank of Japan will raise the benchmark interest rate from 0.5% to 0.75%. However, this is no longer a suspense; what is truly worth paying attention to is: how far will this rate hike ultimately go?

The core answer lies in the "neutral interest rate"—the level of interest rates that neither stimulates the economy nor hampers growth. The nominal neutral interest rate range currently estimated by the Bank of Japan is between 1% and 2.5%, with some officials even feeling that even if the rate rises to 1%, it may still not have touched the threshold of the neutral zone.

Thus, 0.75% is clearly not the endpoint. The median forecast from market surveys indicates that the final rate may settle at 1.25%, which means that in addition to next week, there will likely be at least two more rate hikes in the future.

Governor Ueda Kazuo has previously mentioned that they may announce specific estimates when narrowing the neutral interest rate range, but internally they are more inclined to believe that this range cannot be precisely predicted and will not be treated as a "fixed roadmap" for subsequent rate hikes. Instead, the Bank of Japan will emphasize that after each rate hike, they will carefully observe the impact on bank lending, corporate financing, and overall economic activity before deciding on the next steps.

The key logic supporting continued rate hikes is very clear: although the rate hike has already been initiated, Japanese inflation has exceeded the 2% target for three consecutive years, and actual borrowing costs remain in the "deeply negative" range. This also provides a reasonable basis for continued rate hikes in the future.

In summary: the rate hike next week is basically a done deal, but the Bank of Japan's rate hike script is clearly "not finished yet." They will keep the option to continue raising rates flexible while slowing down and proceeding cautiously, emphasizing that each step will follow economic data. #加密市场观察 $BTC
$ETH

Breaking! The Federal Reserve rapidly "injects liquidity," signaling a new wave of liquidity for global markets!
Just now, the Federal Reserve officially implemented a key operation: starting from December 12, it will purchase $40 billion in short-term Treasury bills in the first month, and will maintain a high level of debt purchases in the coming months. This means a continuous stream of "live water" will be injected into the financial system, and a new round of liquidity adjustment has already begun.
In simple terms, the Federal Reserve is actively "blood transfusing" the market — this is not just a simple interest rate adjustment, but a direct operation to expand the balance sheet: by purchasing short-term Treasury bonds to release cash, alleviate pressure in the money market, while coordinating credit flow. Additionally, this is the sixth interest rate cut since September 2024, and the policy combination of "rate cuts + balance sheet expansion" has become clear, with stabilizing growth and preventing risks as the current core direction.
💸 Why must we pay close attention?

- Strong measures: $40 billion in real money each month directly fills the liquidity gap
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- Clear objectives: targeted relief of funding tightness, stabilizing the rhythm of the short-term financing market
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- Combined effects: resonating with interest rate cuts, dual promotion of funding cost decline
Historically, such liquidity adjustment operations often lead to fluctuations in asset prices, with stock markets and bond markets likely feeling the warmth of capital. Especially during a continuous interest rate cut cycle, the replenishment of liquidity will provide additional support for various assets.
However, it is necessary to pay attention to whether inflation will rebound under easing conditions? How will changes in U.S. dollar liquidity affect global capital flows? These are key variables that need to be closely monitored going forward.
The Federal Reserve's stance is already very clear: it aims to stabilize the labor market while preventing the risk of economic slowdown. The toolbox of policy measures has been opened, and the chain reaction in the market has just begun.
Do you see opportunities brought by this round of liquidity adjustment? Which areas will benefit first? Let's discuss in the comments!
#加密市场观察 #美联储降息 $BTC
$ETH

Tonight, the Federal Reserve's interest rate meeting is about to take place, and many friends are concerned: Will there be a rate cut this time? Can the crypto market welcome good news after the rate cut?

In fact, everyone can clarify one point first - the current market is already in a rate cut cycle. This is not just a short-term benefit brought by a single rate cut; the subsequent continuous rate cut actions will provide ongoing positive support to the market. When the rate cut cycle officially comes to an end, the overall rhythm of our market will likely adjust accordingly~

Moreover, this rate cut has a different aspect compared to previous ones: this is the first rate cut after halting the balance sheet reduction! Halting the balance sheet reduction means no longer withdrawing liquidity from the market. Now, with a rate cut added, if tonight's meeting can also announce an expansion of the balance sheet (equivalent to injecting funds into the market), that would be a wonderful thing for the market!~#加密市场反弹 $BTC
$ETH

Japan suddenly raises interest rates, triggering huge waves in the global leveraged market! The arbitrage feast that has lasted for twenty years is about to be forcefully ended.

At the end of November 2025, the Bank of Japan dropped a bombshell on the global market with the statement, "considering a rate hike in December." Within just a few days, the Nikkei index plummeted over 1000 points in a single day, the yen strengthened significantly, and bond yields soared to new highs not seen since 2008—global markets were instantly thrown into severe turmoil.

This is not just an ordinary market adjustment, but a precise disassembly of the "yen arbitrage trade." Over the past twenty years, countless investors have borrowed yen at nearly zero cost, exchanged them for dollars, and poured into various high-yield assets such as U.S. Treasuries, U.S. stocks, and emerging market assets. The interest rate spread combined with leverage magnified returns, while risks accumulated to the extreme.

Behind the data, a chain of liquidations is erupting comprehensively:

- The Nikkei index quickly fell about 6% from its recent peak;
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- Crypto assets saw a significant drop of 8% in a single day, with related leveraged positions in Asia facing consecutive liquidations;
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- The market estimates that the scale of funds related to yen arbitrage could reach hundreds of billions of dollars, and once the trend reverses, half of the value could evaporate instantly.

When Japan slightly raised interest rates last July, nearly $200 billion in arbitrage positions were forcefully closed. This time, the Bank of Japan is obviously serious—inflation has exceeded standards for 41 consecutive months, and synchronized increases in wages and prices provide real support for this rate hike.

The era of cheap global funds is accelerating its end. The tightening of yen liquidity means that Japanese institutions will shrink their overseas investment scale, leading to a decrease in demand for U.S. Treasuries, which may further push up global interest rates. Emerging markets that rely on hot money inflows are about to face the impact of capital withdrawal.

For China, the turmoil in external markets is both a test and an opportunity. As long as it maintains exchange rate stability and prevents asset bubbles, RMB assets are expected to become a safe haven for global funds. However, for ordinary people, the reality is particularly clear: the old path of seeking high returns through borrowing cheap funds is no longer viable. #加密市场观察 #ETH走势分析 $ETH

Early morning raid! The Federal Reserve's lightning decision ignites the market. Can ETH break through 10,000 points?

Family, who understands! At 2 AM Beijing time, the Federal Reserve broke a 40-year tradition to hold a temporary closed-door meeting, finalizing key decisions in just one hour! This unconventional move has shaken global capital, and the Web3 sector is boiling overnight; no one can sleep peacefully tonight!

Having delved into Federal Reserve policies and the digital asset market for eight years, this abnormal signal is definitely not simple. The interest rate cut game has reached a fever pitch, with increasing divergence between the 50 basis point and 75 basis point camps, and market betting has reached record levels, indicating a strong signal of liquidity changes; $29.4 billion of "smart money" has made early layouts, and larger scale liquidity support is brewing; the Federal Reserve held closed-door meetings for two consecutive days, with unusual movements in the repurchase market and institutions making concentrated adjustments, clearly responding to potential risks; and the "one-hour decision" operation highlights the urgency of the approaching risks.

The market linkage script feels familiar! In pre-market trading for US stocks, blockchain mining-related companies and Web3 ecological related sectors are collectively in the green, with movements highly consistent with those prior to the last market rally. The classic logic of "stock market warming up, Web3 taking over" has long been validated; now that the direction of funds is clear, we are just waiting for the ecosystem to step up.

ETH's attempt to break 10,000 points is not just talk; three key supporting logic are solid. First, as the leader of public chains, its ecological expansion and technological iteration continue to advance, with staking rewards steadily increasing and fundamentals solid; second, the key upgrade in December has been continuously tracked since March, and post-upgrade, on-chain transaction fees will be significantly reduced, likely activating a DApp ecological explosion; third, the early layout of institutional funds has become an industry consensus, and the movement of "smart money" releases clear signals.

But it is essential to remind of the risks; survival in the Web3 market comes first. Internal policy divergences within the Federal Reserve still exist, and the risk of a pivot is always present; do not blindly follow the trend; it is also important to be wary of the market rule of "good news leads to a correction"; high-leverage operations require caution. Strictly control positions and hold onto core assets is the key, not wasting opportunities while also leaving a safe exit for oneself.

This wave of market is a typical case of "seeking wealth in danger"; we need to be smart trend followers rather than blind buyers! We will continue to track the Federal Reserve's policy direction and ETH on-chain data, providing analysis at the first opportunity. #ETH走势分析 $ETH
$BTC

Breaking! Whales collectively signal "moving"; what will Bitcoin do next?\n \nRecently, a set of data has quietly drawn attention: the proportion of whale funds on mainstream trading platforms has suddenly skyrocketed, with the inflow of Bitcoin on a leading platform approaching this year's peak.\n \nIn simple terms, many large holders with substantial chips are transferring Bitcoin to trading platforms—this logic is straightforward; it is highly likely they are preparing to cash out.\n \nLooking back at market patterns, every time whales concentrate their asset transfers, the market often experiences fluctuations and adjustments. This time is no exception; Bitcoin has clearly faced resistance when hitting key resistance levels recently, with visible upward selling pressure increasing.\n \nA glance at historical data reveals that after similar peaks in fund inflow, the market typically enters a consolidation period, and may even experience a phase of pullback. But this is by no means a signal for the end of a bull market; it resembles the market digesting this portion of "potential sell orders" to build momentum for future movements.\n \nSo how should retail investors respond?\n \nFirst, don’t panic, and definitely don’t blindly follow the trend! If you already hold positions, consider taking partial profits to secure some gains; if you haven't entered the market yet, there's no need to rush to chase highs; patiently wait for clearer directional signals from the market.\n \nRemember, whale movements are merely reference indicators for the market and do not guarantee that prices will drop, but they remind us: there is no forever upward trend; fluctuations and pullbacks are the norm in the market.\n \nCurrently, Bitcoin is still trying to stabilize at key price levels, and it is highly likely to continue maintaining a consolidation pattern in the short term. Keeping a calm mindset, managing your positions well, and not letting short-term volatility disrupt your trading rhythm is key. #巨鲸 #ETH走势分析 $ETH \n

Tonight is the ultimate showdown! The Federal Reserve's balance sheet data is about to be released, and the crypto market is bracing for a major liquidity test!

In just a few hours, the Federal Reserve will announce critical balance sheet data—right now, the entire crypto space is holding its breath, with everyone's eyes firmly fixed on this core report that can shake the market!

Haven't you noticed? We've already entered a 'volatile mode', with rises and falls switching back and forth non-stop. This is not ordinary market fluctuation but a final position adjustment by traders before the data is released, definitely the calm before the storm!

Remember this key time: 4:30 PM EST! This set of numbers is anything but dull macro data; it directly relates to the 'lifeblood' of market liquidity! In the crypto field, liquidity is as crucial as air—whether the Federal Reserve tightens funds or releases liquidity directly determines whether the subsequent market will face pressure and retreat or surge!

Now Wall Street analysts are closely monitoring three key ranges, each hiding different market scenarios:
🚨 Warning Signal: Total assets breaking through $6.6 trillion? This means liquidity may tighten! Bitcoin is likely to lead a downturn, and mid-small coins may follow suit; everyone should be prepared for risk control!
😰 Volatile Scenario: Stuck between $6.5 trillion and $6.6 trillion? The market must maintain a 'bull-bear game mode'! Fluctuations back and forth, with both sides pulling and tugging, testing the mindset!
⚠️ Extreme Situation: If it drops below $6.5 trillion? This could indicate unusual movements in the financial system's liquidity! In this case, crypto market volatility will escalate significantly, making the trend difficult to predict and the operational difficulty maxed out!

Behind these numbers lies the 'weather vane' of the Federal Reserve's subsequent policies—what follows is interest rate cuts, maintaining the status quo, or continued tightening, and this report hides crucial clues!

Global funds have entered a 'high alert state'; everyone knows this data could instantly reverse market sentiment, triggering massive capital reallocation. The impact of liquidity often catches the market off guard, leaving no time for a reaction!

The final countdown begins, everyone buckle up! The next big market wave is likely to explode in full force the moment the data is released! #巨鲸动向 #加密市场观察 $BTC
$ETH

Is everyone in the market focused on what the Federal Reserve will do next? A key figure has suddenly spoken out, pushing interest rate cut speculation to the forefront! What's even more exciting is that this popular candidate likely to take over the Federal Reserve openly stated that a 25 basis point cut should happen next week, and Trump has been frequently hinting his approval... Is this a leak, or is there something else going on? 🤔 Let's dive into the latest developments!

Kevin Hassett, a core economic advisor to Trump and the current director of the White House National Economic Council, recently stated clearly in an interview: "The Federal Reserve should cut rates next week, and it's very likely to happen!" 📉 He specifically mentioned the cut would be 25 basis points and revealed that there is already a slowly forming consensus within the Federal Reserve on this cut.

What’s more intriguing is that, with Trump repeatedly praising him publicly during this time, the market has long been buzzing: Hassett is definitely the number one candidate for the next Federal Reserve chair! Trump even hinted at a White House event: "Maybe the future Federal Reserve chair is sitting right here today~"

However, Hassett himself has been quite low-key, repeatedly emphasizing that Federal Reserve decisions must "rely on data," and the balance between employment and inflation must also be fully considered. But anyone with a discerning eye can tell that the interest rate cut is already on the verge of happening, just waiting for the order to be given.

🌟 If Hassett really takes office, will the U.S. interest rate policy completely shift towards easing? What unusual economic signals are hidden behind Trump's personnel arrangements? Have you figured out the intricacies of this "Federal Reserve leadership change drama"?

💬 Share your thoughts in the comments: Do you think the Federal Reserve can really cut rates next week? If Hassett becomes chair, in which direction will the U.S. economy head? Come and leave your predictions! 👇#加密市场观察 #特朗普加密新政 $BTC
$ETH

Tonight, three major data shocks are coming! Retail investors in the crypto circle, don't panic, this is how to respond steadily.

Brothers, stay alert! The financial market is about to be awakened by three "data bombs" tonight, and the previously stagnant market is likely to completely surge!

First up is the challenger company layoff data at 20:30, which is a solid core indicator.
Last month, this data skyrocketed by 183%, reaching 153,000, setting the highest record for October in over 20 years, with the technology and retail industries becoming the hardest hit.
More critically, surveys indicate that nearly one-third of American companies plan to lay off workers before Christmas, which means they want to save on year-end bonuses and operational expenses.
If tonight's data blows up again, it can basically be concluded that the job market can't hold up and the economy is heading downhill; at that point, the Federal Reserve will likely have to seriously consider lowering interest rates.

Next, the initial jobless claims number will be announced at 21:30. As a high-frequency data updated weekly, it has already released warning signals—it's becoming increasingly difficult for unemployed friends to find new jobs.
If this number spikes again tonight, it will form a "double confirmation" with the layoff data, and the market will immediately crazily speculate on the expectations of an "economic recession and interest rate cuts coming soon."

The impact on the crypto circle is very direct: in the short term, the worse the data, the stronger the panic sentiment in traditional markets; this sentiment will spread quickly, and mainstream crypto assets will likely be under pressure;
but in the long run, this may instead force the Federal Reserve to accelerate the shift towards easing. Once the market digests the panic and starts to position for next year's liquidity influx, risk assets like crypto may experience a wave of retaliatory liquidity rebound.

Finally, I have a practical suggestion for retail investors: don’t operate recklessly tonight! Half an hour before and after the data release, market fluctuations will be extremely severe, making it easy for both long and short positions to be liquidated.
Focus on the real-time trends of US stocks and US Treasury yields; these two are barometers of market sentiment. Once the market has digested the news, if core crypto assets can maintain key support levels, it won’t be too late to consider gradually buying on dips. #加密市场观察 $BTC
$ETH