Recently, a series of operations by the European Central Bank can be described as the most exciting "Long Wick Candle" in the crypto world market. On Thursday, the European Central Bank announced that it would maintain interest rates, while also raising its forecasts for certain economic growth and inflation. Once this news was released, the market immediately began to "imagine," with several institutions even directly marking expectations for interest rate hikes in 2027, implying that "the cost of borrowing has peaked, and from now on it will only rise and not fall."

It sounds logical, but this quick conclusion approach is almost no different from the retail investor mentality in the crypto world that chases trends—markets always want to interpret the Central Bank's ambiguity as certainty. Central Bank officials never speak definitively, and we must remember this.

The facts have taken a dramatic turn. Within a few days, several officials from the European Central Bank collectively stepped forward to cool down the situation. The central bank leaders from France, the Netherlands, and Austria all voiced their opinions, with one core message: don't rush to conclusions. Among them, the statement from the Austrian central bank governor, Kühler, is the most representative—he candidly said that the current environment is filled with uncertainty, and the situation is far from optimistic. He even explicitly mentioned that if necessary, further rate cuts are an option, and rate hikes are not out of the question.

The collective "reverse operation" by officials this time is by no means accidental. Many people only focus on the surface information of "raising economic forecasts", while ignoring the true cautious attitude of the Central Bank's management. This reversal of policy signals will have a chain reaction on the allocation and short-term trends of the crypto market. A more relaxed attitude from the Central Bank often means that liquidity will remain loose, which is usually positive for risk assets. However, the key is to understand the real logic behind these signals, rather than blindly following the market's first reaction.