The Federal Reserve's recent statements have been ambiguous, and market expectations for rate cuts have been fluctuating. But as a crypto investor, instead of obsessing over officials' true intentions, it's better to learn how to extract opportunities from policy expectations themselves.

The logic behind liquidity-driven markets is quite simple: as long as the market expects liquidity to be ample, funds will be pre-positioned. Bitcoin, as the most recognizable crypto asset, is always the primary beneficiary of liquidity narratives. Once the liquidity easing expectation takes shape, Bitcoin often reacts first. Therefore, at this stage, the logic of deploying Bitcoin is quite clear—it’s like precious metals in traditional finance; regardless of how the market plays out, its asset properties remain unchanged.

But focusing solely on Bitcoin is not enough. Once mainstream assets stabilize, market attention will gradually shift to public chain tokens with richer stories and more complete ecosystems. These mainstream public chains usually have stronger growth narratives support, and in an environment of ample liquidity, they often trigger larger price increases. The key to selecting tokens is to find projects that have solid fundamentals and can tell compelling stories.

Overall, changes in the Federal Reserve's policy expectations essentially set the rhythm for rebalancing the crypto market. Grasping this rhythm and deploying assets layer by layer—from large to small—is the true way to profit in a expectation-driven market.