#美联储联邦公开市场委员会决议 last night's rapid rise in Ethereum, the logic behind it is worth clarifying.

The latest rumors on Wall Street are that the Fed is going to take action - the banking system is under pressure at the end of the year, liquidity risks are rising, and the Fed is likely to start sending signals this week: it is ready to restart large-scale asset purchase programs and throw money directly into the market. This is not an adjustment in the magnitude of Wentun's interest rate cut, but to open the monetary floodgate and carry out comprehensive liquidity delivery.

Once this easing expectation is established, global arbitrage funds and safe-haven capital will have to find new places. And Bitcoin and mainstream tokens? They happen to be the highly liquid asset pools that institutional money is most familiar with. Last night's wave of market was essentially a smart big fund that smelled the change and preempted the layout. Behind the price increase is actually poor expectations - the market is digesting a potential easing cycle in advance.

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