#密码资产动态追踪 Recently, I took a closer look at some remarks from Federal Reserve officials, and there's quite a lot hidden in the details. To put it bluntly, the current interest rate environment is "under too much pressure" and is dragging down economic growth. Some even suggest that rate cuts in 2026 could exceed 100 basis points. This shows a clear divergence with other officials' policy stances.

What does this reflect? The Fed internally hasn't completely aligned yet. Over the coming weeks, employment data (ADP, non-farm payrolls and other indicators) will become the key factor. If data continues to be strong, rate cuts might get pushed back; but once signs of weakness appear, the chorus of "easing expectations" will grow louder.

For us, this policy divergence itself is a signal light. In the short term, the market will definitely get spooked more easily—data fluctuations will cause five ups and five downs—so be mentally prepared. However, combining the on-chain information I track (large transfer pace, wallet dynamics, etc.) and news developments, the logic hasn't changed: the market is waiting for the true inflection point in liquidity expectations.

As long as subsequent employment and inflation data give the central bank reason to "change course," medium-term support for crypto assets will surface. Once there are signs of liquidity easing, the market won't be boring.

My judgment has remained consistent—watch data and news closely, keep tracking. Short-term volatility is unavoidable, but opportunities in the major direction are brewing. Hold steady, let's see this through together. $ETH