#美联储降息 Once the Federal Reserve begins a rate cut cycle, does the market start to plunge? Is this logic really valid? Recently, many people have been discussing that a shift to easing monetary policy actually signals a price top. Interestingly, historical data seems to support this concern—every time the central bank signals a rate cut, crypto assets tend to undergo a correction. But the problem is, market reactions are never linear. A rate cut itself doesn't necessarily mean a crash; the key factors are capital flows, macro expectations, and the overall market risk sentiment. Instead of predicting when a big drop will happen, it's better to first understand where funds will flow during a rate cut cycle.