#数字资产市场动态 Market signals a sudden shift! The Fed Chair candidate turns, and the 2026 rate cut expectations are cut off

Today, the core trigger for the chaos in the crypto world comes from a statement in Washington. The change in Trump's attitude towards the Fed Chair candidate directly shattered the market's illusion of easing—originally favored dovish candidates were met with cold reception, while hawkish contenders became the new hot favorites.

The quickest to react was Wall Street. CME futures data overnight showed a dramatic shift: the probability of zero rate hikes throughout 2026 jumped to 11.8%, while the probability of a cumulative cut of more than 25 basis points fell below 70%. In other words, the market's overall expectation for liquidity easing next year has halved.

For crypto assets, this is a short-term shock. Ultimately, the rise and fall of digital currencies are closely tied to global liquidity expectations—tightening liquidity causes hot money to flow out. This policy signal shift indicates that funding conditions will become tighter.

How to respond? Here are some practical suggestions:

**1. Control risk exposure**
Increased volatility is highly probable; high leverage in this environment is equivalent to self-destruction. Reduce your position leverage and leave room for maneuver.

**2. Consolidate on certainty**
During panic, funds tend to flow into top assets like $BTC and $ETH, while altcoins and small-cap coins are more easily crushed. Playing small coins at this time can be very uncomfortable.

**3. Wait for clear signals**
Finalization of the Fed Chair candidate and macroeconomic data releases are turning points. Don’t rush; missing this wave means there will be another.

The macro environment is becoming more complex, but opportunities often hide within volatility. The key is not to be blinded by short-term emotions.