Recently, those paying attention to the financial markets have sensed a strange shift. The Federal Reserve's stance is changing, and this transformation is having a deeper impact on the entire investment ecosystem than it appears on the surface.

Remember the market consensus not long ago? Everyone was unanimously optimistic about a rate cut by the Federal Reserve in March, as if it were a certainty. Traders had already prepared for this rate cut wave, and some had even started to position themselves in advance. But the latest data shatters this illusion—Fed Chair Powell has a 90% probability of maintaining the current interest rate this month, with only a 10% chance of a cut. Even if a rate cut is decided, the margin would be just 25 basis points, making such a small adjustment almost negligible.

This is not just a numerical change. The sudden policy shift means that traditional asset classes like stocks, bonds, and mortgages will all face re-pricing. For our layout in the crypto space, the impact of this "tough wind" should not be underestimated either. Changes in liquidity expectations directly affect the performance potential of assets like BTC, ETH, and others.

If your previous investment plan was based on the "rate cut expectation," you might need to seriously reconsider it now. When the macro environment changes, a simple holding strategy may no longer be suitable. Consider whether your current asset allocation is still reasonable. Are there more structural opportunities worth paying attention to in the crypto market?