#数字资产市场动态 After the minutes were released in the early morning, the market became more complex.

Internal disagreements within the Federal Reserve are very significant. Some members are still concerned about sticky inflation, while others focus on weakening employment indicators. The rate hike has already begun, but based on the wording of the minutes, this is not a decisive policy shift; rather, it seems more like a response forced by data. The phrase "look at the data" runs throughout — in other words, the future policy path is full of uncertainty.

What does this mean for the market? First, volatility will become the new "friend." Traditional financial assets will fluctuate with every Fed statement, and investors need to prepare psychologically. In contrast, the crypto market might have more opportunities. When macro expectations are chaotic, the market often turns its attention to assets with unique growth narratives — such as privacy assets like $ZEC or other tokens with practical use cases.

However, there's an easy trap to fall into: rate cuts ≠ automatic bull market. The broad direction of liquidity easing may still be in place, but the process will be bumpy. Chasing gains at high levels can easily lead to sharp declines, so maintaining flexibility and reducing leverage are more important than ever.

In such an environment, what’s your view? Do you see it as an opportunity for left-side positioning, or do you think the risks are greater? Feel free to share your honest thoughts.