The Federal Reserve cut interest rates by 25 basis points as expected, and the US dollar subsequently declined. This seemingly routine monetary policy change conceals a larger shift: global capital is accelerating its flow into new venues outside the traditional financial system, with the cryptocurrency market becoming the first choice.

**The Chain Reaction of Liquidity Outflows**

As yields on traditional assets continue to be suppressed, institutional funds naturally seek an exit. The crypto market, as a high-growth, high-volatility alternative asset class, is attracting increasing attention. BTC and ETH, as the pillars of the ecosystem, will be the first to benefit from more abundant global liquidity support — this is almost a certainty. Market recognition of the narratives of "digital gold" and "underlying ecosystem" will also rise accordingly.

Assets with unique value propositions are also beginning to surface. Privacy coins, due to their "censorship resistance" features, tend to attract differentiated capital attention during periods of increased risk appetite. Leading DeFi tokens will benefit directly from expected increases in on-chain activity. Even some high-consensus small-cap coins may experience sharp fluctuations amplified by market sentiment.

**The reshuffle has already begun; not all coins will rise**

The key is, history shows us: liquidity in its early stages often does not lead to a broad rally but rather the beginning of differentiation. Some projects that seem forgotten may suddenly explode, while seemingly stable choices might fall behind.

Those who chase only the gains are likely to get caught in this cycle. Not all tokens are worth touching; only those with genuine liquidity, clear project stories, and solid fundamentals can withstand the test of time.

**Practical Strategies for Positioning**

Instead of going all-in on a single coin, adopting a layered approach is more prudent. Core holdings should be in large-cap assets like BTC and ETH to benefit from macro cycles; medium positions can be allocated to strong sectors and consensus-leading projects to enjoy ecosystem rotation opportunities; finally, a very small position can be used to explore high-risk, high-volatility assets, satisfying market sentiment participation without risking serious losses.

Another often overlooked point — the US dollar may weaken in the long term. If your asset pool includes dollar-denominated assets, cryptocurrencies can serve as a hedge.

The global liquidity engine is turning again. This cycle is driven by macro factors, and real opportunities exist, but so do many traps. The key is to stick to principles and find a balance between greed and caution.