Is the bull market still here? Is it time to watch from the sidelines or bravely place bets?
The market is experiencing drastic declines without volume, and rises without volume; short-term fluctuations are becoming increasingly surreal.
How should we play in 2026?
This brings us to a fresh term: SLR
Its impact far exceeds that of interest rate cuts.
The rule change is on November 25th; in the two days following, the cryptocurrency market will actually remain calm, but with a series of events【On December 2nd, the Federal Reserve officially stops tapering, coinciding with the Federal Reserve entering a rate-cutting cycle】, the future market will have ample liquidity.
The technical term of SLR is too strong; to put it simply, it is analogous to the domestic reserve requirement reduction.
To make a somewhat inappropriate analogy:
You are short on cash, liquidity is a concern, and suddenly your credit card limit doubles.
The specific impact of the SLR rule change on the market:
1. Improve the liquidity of government bonds. This is also the main purpose of this modification.
2. Reduce the costs of market making and holding bonds for banks, releasing capital.
3. Lower government bond yields, stabilizing yield fluctuations.
4. Enhance the resilience against liquidity risks.
The most pressing issue in the U.S. right now is that nobody is buying government bonds.
After the market adjustment ends, I still have confidence in mature coins.
Altcoins remain isolated.
