#美联储降息 This week's Fed FOMC meeting is truly a critical moment! A 25 basis point rate cut is almost a foregone conclusion, but the real surprise may come from liquidity injections into the balance sheet.

The most interesting thing is that the market's focus has shifted from "Will there be a rate cut?" to "Will there be liquidity injected into the market?" Bank of America expects the Fed to start purchasing $45 billion in short-term Treasury bonds each month beginning in January next year, which is akin to giving the entire financial market a shot of adrenaline. How important is this signal amid the current year-end liquidity crunch? Just look at the data — BTC and ETH are experiencing significant fluctuations, while long-term holders on-chain are quietly accumulating, and ETH exchange reserves have dropped to nearly a decade low.

This reflects the core concept in the Web3 world: decentralized finance no longer fully relies on the decisions of the traditional financial system. As central bank policies become increasingly complex, more and more people are beginning to consider alternative solutions such as DeFi and self-custodied assets. Liquidity is essentially a manifestation of trust, and decentralized finance is redefining this trust through code and consensus.

Will this wave at the end of the year become the prologue to the next round of widespread gains? Stay tuned, the future has arrived.