The hottest topic discussed in the market recently is the possibility of the Fed lowering interest rates in January next year. The speed at which this expectation has heated up is indeed quite fast.

You should have heard — Trump has previously stated that the new Fed chair he nominated should push for interest rate cuts as soon as he takes office. This is not just a statement; the market has already taken it as a signal regarding the future direction of monetary policy.

The core logic that everyone is discussing the most right now is actually very clear:

The interest rate cycle may be about to turn. Once it turns, liquidity will gradually be released. Risk assets—including the crypto market—are likely to undergo a round of value reassessment. This is no small matter for those holding BTC, ETH, and BNB.

What does historical experience say? Looking back, almost every time a rate-cutting cycle arrives, the flow of funds changes significantly before and during the cycle. The crypto market is usually very sensitive to these types of liquidity changes—sometimes surprisingly fast.

However, at this stage, it must be made clear that the expectation of interest rate cuts is still just the beginning. Market sentiment is still in the accumulation phase, and the real big market evolution is likely still ahead. Therefore, the key is to keep observing and not to blindly chase trends. When liquidity truly begins to be released, where the funds flow and how fast they move will be the determining factors for opportunities.