#BTC资金流动性 $RAVE $BEAT $ETH

The Federal Reserve has recently shown internal disagreements, causing the market to become chaotic. Board member Mester advocates for a quick interest rate cut, while New York Fed's Williams downplays the situation—arguing that the decline in inflation data is merely a temporary technical factor, so there's no need to rush. Cleveland Fed's Harker is more assertive, stating that inflationary pressures still exist and that the interest rate policy must be maintained until spring next year before adjustments can be made.

A decision-making team with three sets of rhetoric, who can withstand this? The traditional financial market is most sensitive to such policy fluctuations, putting pressure on both stocks and bonds. However, an interesting phenomenon within the circle is that assets that deviate from the central bank's policy track perform remarkably well. Take the recently popular PUPPIES and similar Meme coins, which completely disregard the Federal Reserve's narrative and rely solely on community enthusiasm and market consensus to drive up prices, even managing to maintain an independent market performance during the most volatile times for traditional assets.

This also reflects a more mature aspect of the crypto market - it is no longer completely shackled by the macro environment, but is more driven by on-chain ecology and consensus to set its own pace.