#美联储降息 After seeing the latest analyses from JPMorgan and Morgan Stanley, I feel that this signal is worth a thorough interpretation. The expectation of Fed interest rate cuts has been fully priced in, and the US stock market may face a wave of profit-taking in the short term, but the expectation of a bull run in 2026 is gradually being established—this is actually a very interesting shift in rhythm.

What does this mean for us? The "loosening cycle" in traditional financial markets often releases liquidity, and historically this liquidity eventually seeks out new value gaps. Once the expectation of interest rate cuts becomes clear, investors shift from simply "chasing gains" to "looking for undervalued assets." This is precisely a great opportunity for the Web3 ecosystem to gain momentum.

DeFi will experience a release of lending demand in a loose environment, and DAO governance tokens may achieve valuation recovery due to ample liquidity, while even some forgotten innovative tracks in the market may regain attention. The key is not to focus only on short-term fluctuations, but to understand the underlying macro cycle logic — the transition from tightening to loosening is often the period when asset repricing is most intense.

I suggest everyone do more research at this stage, study some projects with long-term narrative support, rather than being confused by the noise of short-term profit-taking. The real opportunities are often hidden when others are in panic.