#美联储降息预期# Reflecting on the past few cycles of Crypto Assets' bull and bear markets, the Fed's monetary policy has always played a key role. This time, the alt season predicted by Coinbase reminds me of the crazy ICO boom in 2017. At that time, driven by loose policies, a large number of retail investors flooded in, pushing up a batch of worthless projects. However, the current market has matured a lot.

Although September may see interest rate cuts, I don't think this means the market will immediately peak. On the contrary, as Coinbase said, this could unleash more potential for retail investor funds to enter the market. After all, there are still over $7 trillion sitting in money market funds waiting on the sidelines.

Historical experience tells us that we must remain rational in such times. Alt season is certainly exciting, but it also hides risks. We should focus on those projects that truly have value, rather than blindly chasing the rise. After all, those that can survive after each cycle are often the projects that can withstand the tests of the market.