#巨鲸动向 An important moment that has attracted worldwide attention is about to arrive! At 00:20 AM Beijing time on Wednesday, October 14, Federal Reserve Chairman Powell will deliver an important speech on "Economic Outlook and Monetary Policy" at the National Association for Business Economics. This speech is not just a simple interpretation of economic data, but it may become a key signal determining the direction of global markets, especially for the currently volatile cryptocurrency market, whose influence is crucial and may decide whether the market continues to go down or finds a support point.

Recently, the cryptocurrency market has experienced a significant adjustment. The sharp decline last Friday raised widespread concerns, and while the superficial reason is believed to be the uncertainty of tariff policies, research by the blockchain data analysis firm Santiment reveals a more fundamental issue: the excessively concentrated leveraged long positions in the market. This imbalance in market structure means that any minor disturbance could trigger severe fluctuations, and tonight's speech by Powell will undoubtedly become an important event that influences the nerves of global capital markets.

The market's expectations for the Federal Reserve's policy direction have become quite clear. According to futures market data, investors generally expect the Federal Reserve to implement a 25 basis point rate cut in October and December, with market probabilities for these two rate cuts reaching as high as 97% and 89%, respectively. However, the specific details of the rate cut policy, including the timing, magnitude of the cut, and Powell's interpretation of the current inflation situation, economic growth prospects, and the impact of tariff policies, will be the focal points of market attention tonight. Undoubtedly, Powell's tone in his remarks will significantly influence market sentiment: will it reignite the flame of hope, or deepen market uncertainty?

The short-term trend of the encryption currency market is at a critical crossroads, and the recent speech by the Federal Reserve Chairman is likely to become an important factor influencing the market direction. Are market participants ready to embrace this potential volatility?

$BTC

$ETH

$SOL