The results of this monetary policy meeting are out. The market is generally focused on the direction of monetary policy, as interest rate decisions directly affect liquidity and the performance of risk assets. Based on the signals currently revealed, policymakers are still cautious in their interpretation of economic data, and it is highly likely that interest rates will remain at the current level in the short term. For the crypto market, a stable monetary environment is actually not a bad thing—at least there won't be sudden liquidity shocks. However, the specifics depend on the subsequent meeting minutes, which contain the true stance.