#美联储降息政策 The Fed's recent rate cuts really reveal the situation—three consecutive cuts totaling 75 basis points, but from the dot plot and Powell's remarks, you can sense that they have already hit the brakes. Only two rate cuts are expected next year, and the labor market remains the key factor in determining future policy.

What does this mean for the crypto market? The era of loose liquidity may truly be coming to an end. The good days of "Fed easing, assets soaring" are now more reliant on fundamentals and ecosystem development.

But isn't this also an opportunity for Web3 development? When traditional financial policies are no longer a万能 remedy, people will start to seriously consider the value of decentralized finance. Projects like DeFi and DAOs that can generate real returns and offer transparent mechanisms will actually stand out more in a low-liquidity environment. Short-term Bitcoin volatility is normal, but in the long run, this policy shift is creating conditions for the rational growth of Web3.

Rather than focusing on short-term ups and downs, it's better to turn your attention to projects that are truly building the future financial infrastructure. This stage is actually the best time for serious learning and strategic positioning.