💧 The Federal Reserve has not yet cut interest rates, but the market has begun to digest the reality of a "delayed rate cut."
The strong dollar + rising US Treasury yields = increasing expectations of global liquidity tightening.
Overvalued assets are the first to feel the impact: tech stocks, AI concepts, cryptocurrencies—all are sensitive to interest rates.
Global growth expectations for 2025 have been downgraded, and the pricing logic for risk assets is being restructured.
In this situation, heavily betting on long positions? It's like running against the wind.
ETHUSDT
Perp
2,939.99
-4.71%
