#美联储政策 The signal triggered by a soft labor market that raises expectations of interest rate cuts, I have to sound the alarm for everyone.

I've seen too many people get severely hurt during interest rate cut cycles in the past two years. The logic is simple: Federal Reserve cuts rates → liquidity loosens → funds seek an exit → the crypto space becomes a hot money paradise. It sounds like a bullish signal, but what is the reality? Repeated rounds of market manipulation and harvests by big players.

The non-farm payroll data on October 11 confirms employment stagnation, which means the market will expect more aggressive rate cuts. But this expectation itself is a trap. I've seen too many seasoned investors fooled by "fundamentally positive" stories at this point, only to face project team跑路, whale dumps, and exchange risks exposure.

The key is to recognize: when macro policies shift to easing, the first to rush in are often illicit funds seeking high returns. These funds have no loyalty; they dump as soon as they profit. During a rate cut cycle, you should be more cautious, not more aggressive.

My straightforward advice—when you see such policy benefits, ask yourself three questions: How long is the project's lifecycle? Is the founding team still around? Can the tokenomics withstand a dump? If you can't answer these, don't touch it. Liquidity doesn't equal opportunity; often, it's a trap. Longevity is more important than quick gains.