#RWA热潮 The results of the latest Federal Reserve meeting have been released: all 10 committee members unanimously approved the decision to cut interest rates. This is the first time since the pandemic in 2020 that there has been complete agreement among all committee members. This detail is worth pondering—when the decision-making body of the Central Bank reaches such a high level of consensus, it often indicates a very high certainty of a policy shift.

The support at the data level is evident. Inflation indicators have declined for several consecutive months, and the core CPI is gradually approaching the target range set by the Central Bank. Against this backdrop, the necessity to maintain a tightening policy has significantly decreased. The unanimous approval is not only a procedural result but also a collective confirmation of the economic data.

The market reaction is quite direct. Yesterday, Bitcoin surged by 6% in a single day, breaking the $110,000 mark, which is a relatively significant fluctuation in the recent market trend. Gold prices also hit a new stage high, Nasdaq futures strengthened simultaneously, while the dollar index saw a correction. The change in capital flow preferences is clear at a glance—risk aversion sentiment has weakened, and risk assets are beginning to be favored.

Looking back at historical cycles, the performance of the crypto market in the three-month window after interest rate cuts typically outperforms that of traditional equity markets. This is not some mysticism; it is due to the preference for high-elasticity assets during the initial stage of liquidity easing. Especially in the early stages of monetary easing, the price increases of some small-cap cryptocurrencies often exceed expectations.

The configuration logic at this stage is actually not complicated: mainstream cryptocurrencies are still the core of the base position. You can pay attention to the trends of ASTER, FIL, and $DOGE . However, one principle must be remembered - position management is always more important than selecting coins. Keeping enough cash reserves allows you to calmly increase your position during a pullback, rather than being passive after chasing prices at a high.

The window for interest rate cuts will not remain open indefinitely. The dividend period of liquidity release is usually concentrated in the few months before the policy shift, after which the market will gradually digest expectations. Therefore, the pace during this stage is crucial—neither too aggressive nor too conservative. $ASTER $ZEC