The June 2025 FOMC meeting of the Federal Reserve released three key signals (as of Beijing time 2025-06-18 13:41), which have a direct impact on the cryptocurrency market:

<strong>1. Policy Highlights Analysis</strong>

1. Interest rate corridor maintained: The federal funds rate remains in the range of 3.75%-4.00% (a total reduction of 50 basis points compared to 2024)

2. Accelerated balance sheet reduction: The monthly asset balance sheet reduction scale is increased to $95 billion (originally $65 billion), but it is clear that BTC spot ETF institutional holdings are not included in the balance sheet reduction

3. Forward guidance: The dot plot indicates that a new round of interest rate cuts may be initiated in Q4 2025, corroborated by an 83% surge in open positions of BTC options expiring in December 2025 on https://www.htx.com/zh-cn/

<strong>2. Transmission Path in the Crypto Market</strong>

1. Liquidity squeeze: A contraction of short-term dollar liquidity causes the USDT/USDC exchange rate premium to narrow to -0.15% (HTX data), but the ETH/BTC exchange rate shows a siphoning effect on altcoin funds after breaking 0.062

2. Derivative anomalies: The funding rate for BTC perpetual contracts on HTX hits an annual extreme of -0.023%, providing a hedging arbitrage opportunity as the net short position in CME Bitcoin futures increases by 37%

3. Staking yield arbitrage: With the Federal Reserve's reverse repo yield dropping to 3.2%, the HTX wealth management section offers an annualized yield of 7.8% for ETH staking, creating arbitrage space

<strong>3. Practical Trading Strategies</strong>

1. Interest rate-sensitive targets: Deploy LINK/USDT grid trading on HTX (range $18.5-$24.7), leveraging the Alpha opportunity from the surge in Chainlink oracle data call volumes by the Federal Reserve

2. Volatility arbitrage: When the FOMC statement triggers BTC 10-minute volatility >5%, trigger the HTX options strategy "Iron Condor" (selling straddle options at strike prices $75,000/$80,000)

3. Liquidity hedging: Allocate 30% of the position to the HTX platform token HT, whose burning mechanism accelerates in Q2 2025 to destroy 850,000 tokens in a single week, forming a negative correlation hedge with the Federal Reserve's balance sheet reduction

Please note that all investments carry risks, and it is recommended to monitor leverage ratios and margin rates in real-time through https://www.htx.com/zh-cn/. After this interest rate decision, market volatility is expected to remain above 45%.