September 16, 2025

Tonight, interest rate cut data will be released. Currently, it seems that the market has already hedged against potential fluctuations to prevent any sudden situations, and in fact, the probability of abnormal data is relatively low. The U.S. stock market continues to perform steadily, constantly refreshing its historical highs, which is quite consistent with the pace of interest rate cuts. With this premise, the external risks in the cryptocurrency space are not significant.
Recently, I watched the movie "Catching the Wind" again, which centers around a bank heist involving a cryptocurrency worth 500 million USD. The overall pacing was quite good. This shows that in economically developed areas, cryptocurrencies have become a very important emerging asset, and they are increasingly compliant and legal. The high correlation with the U.S. stock market to some extent indicates this change, which is also why I have recently emphasized that no matter how crazy the market is, one should always keep some capital in hand.
In terms of market trends, after two consecutive days of pullback, the short-term risks of the market have also become smaller. However, as everyone has seen, the overall market's rise still needs mainstream assets to lead the way for a longer duration. Altcoin trends often come quickly and leave just as fast. After a brief pullback, it is estimated that Bitcoin or Ethereum could become the main driving force in the next phase, which also aligns well with the timing.
I think the current market rhythm is still acceptable, especially since the recent pullback has been trading at lower levels for a long time without breaking support, which is an important basis for confidence in the next stage of the market. I looked at the fee situation, and it has dropped relatively quickly, indicating that the frenzy of altcoins has temporarily come to an end. I look forward to a new breakthrough after the overall market stabilizes.
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