The current driving force behind the market pump is speculation about interest rate cuts. What is certain is that there will definitely be a rate cut in September, while the uncertainty lies in the extent of the rate cut and the subsequent roadmap for rate cuts.

There are three possible outcomes of the interest rate meeting:
1. Interest rate cut by 25 basis points, the rate cut roadmap is relatively stable;
2. A 25 basis point rate cut, the rate cut roadmap is relatively aggressive;
3. Cut interest rates by 50 basis points

If it is the first scenario, where the expectation of interest rate cuts is overly hyped, the market may experience another significant downturn.
If it is one of the latter two scenarios, the market is likely to continue to pump.

So it's still hard to say whether LINK has completed the adjustment, or if we need to wait for the results of the interest rate meeting. #RWA赛道，你押谁#