2025-12-11 11:24:58

Deutsche Bank just dropped a note that's catching attention: "Reflation is back." What's interesting here is the growing policy divergence between the Federal Reserve and other major central banks worldwide. While the Fed's been holding its hawkish stance, some central banks are shifting gears in different directions.

This matters because reflation trends—when economic growth picks up alongside rising inflation—can reshape risk appetite across all markets. For crypto, macro divergence often means volatility. When traditional markets get uncertain about monetary policy coordination, capital flows get unpredictable.

Worth watching how this plays out in Q2. If liquidity conditions tighten in some regions but ease in others, we might see interesting rotations between assets. Historically, policy splits like this have created both opportunities and whipsaw moves.

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NftRegretMachine

· 12-11 11:50

Central banks are each doing their own thing here, retail investors are just eating dust Policy disagreements = opportunity? I think it's the start of a leek harvest machine Re-emergence of inflation, surge in volatility... in the end, I always suffer heavy losses This wave of liquidity rotation feels like a new trick for the big players to harvest leeks Uncoordinated easing and tightening across regions, my wallet feels the pain first Central banks fighting, we lose money, classic combo This Deutsche Bank report, it sounds like they're digging a hole for institutions Big policy disagreements? Perfect, my short position is about to be liquidated again What's the point of rotation? Might as well just settle for a mess of feathers

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GasGasGasBro

· 12-11 11:48

Central banks are starting to do their own things. This wave of re-inflation will really stir the waters. The crypto circle will once again rely on macro factors; be prepared for volatility. The Federal Reserve is still showing toughness, while the European Central Bank wants to loosen monetary policy. The divergence is significant. Will the second quarter be the real show time? Stay tuned. Liquidity mismatch? This is just the beginning of rotation. Either shorting or longing at this time can easily backfire; observation is king. The return of re-inflation sounds intimidating, but for the crypto world, we should have already gotten used to the fluctuations. Central bank divergence means capital is flowing chaotically; perhaps a small coin will take off. If inflation rises, can the dollar really stay stable? It feels like something big is about to happen. Different policy tones mean the biggest risk is being cut off; lock your wallets securely.

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BlockchainArchaeologist

· 12-11 11:46

Central banks are doing their own thing, the Fed is still sticking to hawkish policies. Now, here we go again, the crypto market is about to enter another roller coaster... --- Re-inflation? Basically, it’s a signal that they’re preparing to sweep in a wave of retail investors. They’ve been doing this every year. --- The divergence in liquidity has been evident for a while. The crypto market loves this uncertainty; the bigger the volatility, the more opportunities there are... --- This Deutsche Bank report is basically saying that central banks are falling behind, and retail investors will have to bet and speculate again. --- Interesting. The Fed remains hawkish and steady, but the ECB is easing? That will definitely cause capital to flow chaotically... --- The rotation opportunity in Q2 is coming, it all depends on who reacts faster. But the prerequisite is not getting caught in a trap. --- Policy divergence = market madness. Is this actually good news or bad news for the crypto world? Hard to say... --- Re-inflation is coming again? I’m exhausted. It feels like a constant cycle. When will it finally settle down? --- This kind of inconsistency among central banks can really confuse capital flows. By then, no matter how Bitcoin moves, someone will say they got it right.

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HodlOrRegret

· 12-11 11:41

Central banks are each doing their own thing, this is getting interesting now The Federal Reserve is still holding firm, while Europe is about to loosen up? The crypto world fears this kind of uncertainty the most, volatility is definitely coming Let's wait and see how the second quarter unfolds, feels like there will be a big move This kind of policy misalignment is really a double-edged sword, making money or getting liquidated is just a matter of a thought Deutsche Bank's report is quite interesting, is inflation really coming back, or are they just fooling us into taking the bait

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fren_with_benefits

· 12-11 11:40

Central banks are starting to play "each blowing their own horn," and the crypto world is about to get excited. The Federal Reserve is still hawkish, while Europe has long loosened? Now the policy arbitrage space is opening up... Re-inflation + liquidity split, sounds like a carnival for big volatility players. This report from Deutsche Bank is basically saying: get ready for the show, funds are about to run. The bigger the disagreement, the more opportunities there are, but it also makes it easier to lose money in a daze... This is the magic of macro. Will Q2 be the turning point? It feels like everyone is waiting for a signal. Uncoordinated central banks = crypto prices will play a game of mahjong, rotating and shifting. This is the true source of alpha, much more interesting than technical analysis. Inflation returning? Not to me, but for certain assets, it might be a lifesaver. Here we go again, major central banks tearing apart, and we retail investors just sit back and watch the tiger fight. Liquidity magic show, each region has its own version, some making crazy profits, others losing their minds.

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TokenomicsTherapist

· 12-11 11:26

Central banks are doing their own thing, the crypto world really needs to pay close attention to this wave... Is inflation coming again? Then I need to stock up on some stablecoins first, volatility is on the way. This Deutsche Bank report feels like it's saying—get ready for chaos, everyone. Liquidity mismatches mean no one can escape; the Q2 rotation might be the next opportunity window. The Federal Reserve is hawkish while other central banks are easing—this isn't a sign of capital flight? Yes, policy divergence = opportunity, but also = the cost of getting trapped. The ones hurt by central bank fights are retail investors, used to it. The greater the macro divergence, the more excited I am... volatility = money to be made. So, this is truly a non-synchronous crisis; digital assets will inevitably become a hedge.

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