Looking back at the last round of the Federal Reserve's interest rate cut cycle, we can clearly see the changes in the rhythm of the crypto market:

At the end of the 2018 bear market, mainstream coins like $BTC and $ETH fell to their lows, the market was quiet, retail investors generally stood on the sidelines, and institutional participation was very low.

In July 2019, the Federal Reserve cut interest rates by 25 basis points for the first time, releasing a mild easing signal. In the following six months, $BTC steadily rose from the $3,000-$4,000 range to the $10,000 mark.

In September and October 2019, the Federal Reserve cut interest rates by 25 basis points in two consecutive meetings, and the policy shift signal became increasingly clear. In March 2020, when the pandemic broke out, the Federal Reserve urgently cut rates by 150 basis points to near-zero, initiating an epic liquidity injection.

Although the market experienced panic selling in the early days of the pandemic, the subsequent flood of liquidity drove a V-shaped reversal in the crypto market. Against the backdrop of declining global asset yields, digital currencies regained market recognition as the narrative of "digital gold."

Currently, we are in a similar mid-cycle adjustment stage of a bull market, where leading funds are cleaning up leverage and short-term chips. Historical experience tells us that patient holders of spot investments often reap the most substantial returns. The market is never short of opportunities; what is lacking is the determination to hold onto the chips. #美联储取消创新活动监管计划