ECB President Lagarde's latest remarks have attracted attention. She emphasized that the European Central Bank's policy objectives are not to directly control the exchange rate. However, the euro's appreciation trend has indeed been closely monitored by the central bank. Against the backdrop of the geopolitical economic landscape, the movement of the Renminbi has also received key attention from European decision-makers. These comments reflect that major global central banks are currently balancing their domestic monetary policies with the delicate international monetary environment. For the cryptocurrency market, these macroeconomic policy adjustments often influence liquidity expectations for risk assets.