Just finished reading the latest Federal Reserve decision. The 9:3 vote approved a 25 basis point rate cut, but the dot plot for 2026 only showed one rate cut—more conservative than market expectations. This move is interesting: on the surface, it looks like easing, but in reality, it’s still tightening expectations management. In the short term, this kind of "hawkish rate cut" will definitely make the market nerves tight for a while.

However, I am more focused on what is happening on-chain. Over the past three days, Bitcoin net outflows from exchanges have continued to increase, and large addresses are quietly accumulating. This signal is very subtle—smart money rarely runs away in panic; instead, it uses emotional swings to pick up cheap tokens.

To put it simply, this hawkish stance from the Federal Reserve might be just the "all clear" point for bearish sentiment. The overall trend of economic cooling is evident, the rate hike cycle has ended, and although rate cuts are slow, the direction is clear. The long-term logic of the crypto market remains unchanged; only short-term noise may interfere.

A correction? Normal. But if you understand the underlying logic of capital flows, you’ll find that these fluctuations are actually opportunities. Don’t be swayed by short-term emotions—stick to your judgment, and the market will always give answers to those with patience.