🧠《Evening Summary》｜2025-08-23

📰 Major Positive / Negative News:

- Powell hinted at the Jackson Hole Economic Symposium that the Federal Reserve might lower interest rates soon, boosting market risk appetite, causing BTC and ETH to suddenly rise yesterday afternoon; BTC rebounded significantly while ETH's decline narrowed (slightly positive).

📊 Long/Short Ratio (ETH):

- Coinglass shows about 47.93% long positions and about 52.07% short positions, with a long/short ratio of about **0.92** (slightly bearish, the market remains cautious in the short term).

🛂 Regulatory Developments:

- United States: The SEC has suspended certain lawsuits against Binance, indicating that regulatory strategies may become more lenient (slightly positive).

- Global Finance: Financial industry groups are calling for the Basel Committee on Banking Supervision to reassess regulatory standards for crypto assets, promoting more pragmatic rules (structural positive).

💰 Capital Flow:

- No significant whale transfers or ETF fund changes have been detected today, and the market remains in a wait-and-see mode (none).

🧠 Brief Commentary:

- The market saw a short-term rebound stimulated by expectations of interest rate cuts, especially with ETH's decline notably narrowing, but the long/short structure remains slightly bearish, indicating that the rebound momentum still needs cautious observation;

- The SEC's adjustments and Basel's calls for a more open stance help alleviate the regulatory environment, positively impacting the market's medium to long-term expectations;

- It is recommended to continuously monitor policy changes, capital flows, and long/short ratio variations to provide a reference for the next layout.

- "Do you think the market rebound is a 'technical recovery' or 'genuine interest rate guidance'? Feel free to leave a comment and share your insights!"

- "In a slightly bearish environment for the long/short ratio, are you more inclined to chase highs or wait for the next wave of support? Let me know in the comments!"