#大户持仓动态 The opinions of senior investors on next year's economic situation are interesting. This year, the market has withstood tariff fluctuations and policy uncertainties, showing strong resilience. As the voices within the Federal Reserve become divided—hawks leaning towards a pump, while other officials move in the opposite direction—the policy environment in 2026 may become delicate.

From an economic fundamentals perspective, growth expectations are still relatively optimistic. More importantly, inflation may gradually decline after the impact of tariffs dissipates. If oil prices and rental costs continue to fall, inflation could even reach below zero. What implications does this have for asset prices? Think about it.

From the perspective of crypto assets, the macro interest rate environment and inflation expectations directly affect the attractiveness of risk assets. Once inflation expectations clearly trend downwards, the liquidity environment usually loosens, which often provides stage-specific performance opportunities for risk assets (including mainstream coins like $ETH, $BNB, $ZEC , etc.).

Of course, the market is never short of surprises. But if the above logic holds, next year might really be a good window period.