#美国非农就业数据未达市场预期 $BTC, $ETH, $BNB——When macroeconomic sentiment shifts, the trends of these cryptocurrencies often follow suit.

Recently, the foreign exchange market has been interesting. A research team from a major Dutch bank released a report suggesting that the recent rally of the British pound against the euro may not be sustainable. The core logic is simple: the Bank of England is expected to cut interest rates again in March, which will inevitably depress the relative value of the pound.

The market has not yet fully priced in this expectation. Data shows that the probability of a rate cut before June has not been fully reflected. Analysts directly stated that the EUR/GBP exchange rate has already fallen below the 0.8700 threshold. According to their model, this has entered a short-term relatively undervalued zone.

Macro liquidity tightening and shifts in central bank policies will ultimately be reflected in asset allocation. For the crypto space, changes in the foreign exchange and interest rate environment are also worth paying attention to—after all, when global central banks enter a rate-cutting cycle, risk assets often present new opportunities.