#通胀与货币政策 Seeing the reports from Delphi Digital and Arthur Hayes, the core logic is actually quite clear: global central banks are shifting towards rate cuts, the Federal Reserve's RMP is essentially a new round of QE, and liquidity is about to be unleashed—these are all positive signals.

Key data you need to remember: Bitcoin may short-term fluctuate between 80,000 and 100,000 USD, but once the market realizes that "RMP=QE," the target price directly points to 124,000 USD, and may even surge to 200,000 USD. Gold hitting new highs, M2 increasing, and central banks continuously buying gold are all signs of currency devaluation, and historically, Bitcoin tends to benefit as a late mover.

However, there's a detail worth noting—Arthur Hayes himself transferred 1.5 million USD worth of ETH to Galaxy Digital during the rebound, which might indicate he's offloading to top out. So, short-term market may experience volatility; don't rush to go all in.

For us yield farmers, this kind of loose monetary expectation actually presents an opportunity. Abundant liquidity means easier financing for new projects, and a larger airdrop budget. It's recommended to pay more attention now to new projects with financing backgrounds, and prepare to deploy early. The more stable the bottom, the more generous the subsequent airdrop feast will be.