#数字资产市场洞察 The Fed's attitude has softened, and a policy turning point may have arrived.

The statements made by the Fed officials this time are worth noting—the signals released are very clear. The Fed is preparing for a gradual return to normal interest rates from the current tightening levels, which is not only a matter of public opinion buildup but also a tangible adjustment in policy direction.

Simply put, the question of "whether to cut interest rates" no longer needs to be debated. The answer is clear: a rate cut is coming. The real questions on the table now are two—when to take action, and how much to cut at once. This is the focus of the upcoming discussions within the Fed.

For the cryptocurrency market, this shift in policy expectations means that the liquidity environment may improve. Easing expectations often enhance the attractiveness of risk assets. Investors may continue to pay attention to the subsequent statements of Fed officials and economic data, as a combination of both can more accurately grasp the market rhythm.