Recently, the backend inquiries have exploded, with eight out of ten messages asking me "Can I go all-in now that the Fed has cut rates?" I really need to clarify this matter thoroughly. To be honest, many people have a significant misunderstanding of the "easing" policy. This round of Fed rate cuts is not a proactive positive signal of monetary easing to stimulate the market, but rather a helpless move driven by economic pressures forcing the Fed to loosen.

Let's first clarify the core logic: active easing and passive easing are completely different impacts on the market.

What is active easing? The Federal Reserve is relatively optimistic about the economic outlook and believes that moderate liquidity injection can activate market vitality. Under this mindset, funds are willing to enter risk assets, giving the market the confidence to sustain a long-term bull market.

And passive easing? When the economy shows signs of decline, employment begins to weaken, various data are not very good, the Fed is forced to cut rates to stabilize the situation. In other words, "rescue first, consider growth later." Easing under this background is often accompanied by concerns about the future, making it difficult to sustain a continuous upward trend in the market.

Looking at the details of this meeting, almost every point confirms that we are in a "passive easing" phase.

Regarding employment: Although the minutes are expressed diplomatically, they reveal subtle signals that the employment market is beginning to weaken. This is a big problem. Why? Because employment health directly reflects economic vitality. If employment starts to falter, it indicates that the engine of economic growth is decelerating. The rate cut by the Fed is actually a preemptive buffer to prevent the economy from stalling further.

Looking at inflation: On the surface, inflation numbers are falling, which seems good. But core inflation and service sector inflation are still quite "stubborn" and haven't dissipated quickly. What does this mean? Underlying cost pressures still exist, and the economic structural adjustment is not yet complete. The Fed is facing not a clear rate-cut opportunity, but a complex situation full of uncertainties.

What practical significance does this have for crypto assets? Rational judgment suggests that this rate cut environment is more of a "stabilization" signal rather than a "launch." Funds may seek some defensive assets, but it’s unlikely to see a scene where capital floods into high-risk assets in a frenzy. In this stage of the crypto world, rather than blindly jumping in, it’s more pragmatic to focus on risk control and position management.