#数字资产市场观察 $BTC $ETH

This morning's speech by Powell was essentially a waste of time.

As usual, once entering the quiet period, we keep our mouths shut, not leaking a word about policy direction and economic forecasts. All answers will have to wait for next week's Federal Reserve meeting to be revealed—right now, the market is just spinning in a guessing game.

Interestingly, USDC suddenly minted 850 million last night. Such large-scale minting actions of stablecoins are usually not taken lightly. Behind this, either institutions are adjusting their positions, or someone is preparing for a big move.

Looking at BTC again, the impact of the yen interest rate hike was digested in just one day, and the bulls have quietly built positions exceeding 1 billion. The market's speed in absorbing bad news is ridiculously fast, indicating that the support at the bottom is still strong.

There are now two forces pulling: the panic selling is still being pushed out, but the buying pressure is very steady. The fluctuations are exhausting, but this is often the most crucial time—when liquidity really returns, the situation may change overnight.

Before the market starts, most people are hesitating.