#数字资产生态回暖 The Truth Behind the Central Bank's Rate Cut: Hawkish on the Surface, Liquidity Still Flowing

Recently, the Fed's actions have been quite interesting. On the surface, a 25 basis point rate cut sounds pretty impressive, but it also sends a signal: next year, the rate hike pace may slow down, so don't expect a continuous "feeding" spree. What’s the result? The market is digesting this "hawkish" stance while also discovering that the Fed is holding a big move—purchasing $40 billion worth of US Treasuries monthly starting from 2026.

What does this mean? Simply put, one hand is pressing the brake, while the other is stepping on the accelerator. In the short term, it's a hawkish tightening expectation; in the long term, the liquidity door has never truly closed.

What does this mean for the crypto market?

In the short term, it might be a bit uncomfortable. The market needs to digest this mixed signal of "slowing down but not stopping" — volatility could increase. But the key point is that the overall money supply is still increasing; the trend of liquidity injection hasn't changed. When the central bank releases money, it needs an outlet, and highly volatile assets naturally attract attention — Bitcoin, Ethereum, and similar assets are just the containers that can absorb these flows.

What should we do now?

**Don't blindly chase highs.** The rebound during this period might not be stable; rushing higher could lead to pitfalls.

**Buy on dips during pullbacks.** If you're bullish on main tokens (like ETH, DOGE), small batch, incremental entries are more prudent. Going all-in at once is a gambler's logic.

**Most importantly — hold spot assets patiently.** Liquidity injection takes time to ferment; it’s not that today’s liquidity flow will immediately transfer into the crypto space tomorrow. Long-term holding is the way to reap the dividends of this trend.

In short, rather than guessing every day whether prices will go up or down, it’s better to focus on the big picture that "more money is coming." This is the key variable that determines long-term gains.