#数字货币市场回升 The market sentiment is undergoing a significant shift, with the fear and greed index rising to 50 today. The market mindset has transitioned from a previous state of panic to a neutral range, indicating that the investment environment is gradually stabilizing.

This transition signifies that the market has begun to enter a recovery phase after experiencing prior turbulence and a wave of sell-offs. Currently, the forces of bulls and bears have reached a relatively balanced state, and some forward-looking funds have started to cautiously position themselves in the lower price range. Market volatility is expected to gradually decrease. The shift from extreme panic to a neutral range clearly reflects the proactive actions of funds accumulating at low levels, which may become an important signal for short-term market stabilization or even the brewing of a rebound.

At the same time, the Federal Reserve's policy expectations have also undergone significant changes, with the probability of a 25 basis point rate cut in October soaring to 89.3%, almost reaching a consensus in the market and being incorporated into the pricing system. This expectation mainly stems from a series of recent economic data indicating a slowdown in growth, coupled with policy signals released by dovish Federal Reserve officials, including Daly. The strong expectations for a rate cut are driving the market's optimism regarding future improvements in liquidity.