#加密市场回调 ▍Intensified Policy Game

On August 13, senior officials in the U.S. Treasury publicly advocated for a 50 basis point rate cut in September, but the latest internal dynamics within the Federal Reserve indicate:

• Powell emphasized at the decision-making meeting to remain cautious "until inflation data meets expectations"

• Vice Chairman Barr, in charge of financial regulation, supports gradual easing, advocating that "the first rate cut should not exceed 25 basis points"

→ The decision-making body rarely releases conflicting signals

▍Cryptocurrency Market Volatility Warning

Historical data reveals a pattern: when the Federal Reserve releases policy expectation discrepancies

✓ The average 30-day volatility in the cryptocurrency market expands by 58%

✓ Institutional investors' leverage generally declines by over 35%

✓ The fluctuation rate of exchange stablecoin reserves exceeds the benchmark value by 2 times