Federal Funds Futures data show that the probability of maintaining the current interest rate in January next year has risen to 81.2%. The market is gradually digesting the reality that rate cut expectations have been delayed, and liquidity is facing a phased tightening. What impact will this shift have on the crypto asset ecosystem? In the short term, there is indeed pressure. Tightening cycles are often accompanied by adjustments in risk assets, and digital assets are no exception. However, when looking at the longer time horizon, every change in the macro landscape could give rise to new trading opportunities. Historically, several key policy turning points have often been windows for perceptive participants to bottom fish and deploy. The key is mindset—short-term volatility is inevitable, but don’t panic and exit just because of fluctuations. Keep an eye on policy developments and find signals amid the noise.