Recently, the institutional voices have been interesting. Barclays' assessment is that the Federal Reserve will not cut interest rates until March 2026, and they believe that the possibility of a "late" rate cut is actually greater. The logic behind this is not complicated—everyone remains cautious about the US inflation situation and the pace of economic recovery.

On the Federal Reserve's side, the policy expectations for January are basically to hold steady and not rush to act. This attitude quite clearly indicates the situation: rather than adjusting monetary policy hastily and creating volatility, it's better to wait for more data before making decisions. This is also interesting for the crypto circle— the more cautious the Fed's policy, the higher the uncertainty in liquidity, and the harder it becomes to predict market rhythm.