The market direction has changed dramatically! Recent remarks by Fed official Hamak directly doused the entire crypto market's expectations for interest rate cuts with cold water.

Key information has arrived: After three consecutive interest rate cuts, there is basically no need to continue adjusting rates in the coming months. This official clearly opposes further rate cuts in the near term, citing a straightforward reason – she is now more concerned about inflation remaining high than the performance of the labor market.

What is the logic behind this? Simply put, the Fed has started to hit the brakes internally. Continuing to inject liquidity will not only prolong the high inflation period, but more dangerously, it may stimulate the financial market to engage in aggressive risks — in other words, borrowing money in a low-interest-rate environment is too easy, which can lead to the formation of new bubbles.

What does it mean for the crypto market? The market has been looking forward to the Fed continuing to provide liquidity support, but now the shift in policy stance is very clear - the easing cycle may be tightening. Subtle changes in interest rate policy directly affect the funding situation and risk appetite.

The current question has become: will the market continue to look for opportunities in the policy game, or will it reach a consensus on tightening expectations again? The performance of mainstream coins like ETH and BNB is actually answering this question. The future direction is worth paying attention to, feel free to share your thoughts in the comments.