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Trump suddenly announced a $200 billion mortgage bond purchase plan, and the market has dubbed this move — "Personal QE." Although the funds mainly flow into the real estate sector, the entire crypto market has already sensed the rising risk sentiment.
The most direct reflection is in Ethereum. Over the past couple of days, ETH has been bouncing around near 3110, sometimes dipping sharply, sometimes being pushed back up, with candlestick patterns looking quite risky. Whether this signals a new rebound or the main players are accumulating, it's still hard to tell.
Even more interesting is the suspense surrounding the Federal Reserve Chair nomination. Trump has stated that "a decision has been made," but hasn't released any names. The market is buzzing, with various funds betting that the next chair will be a "highly cooperative" candidate, and expectations for rate cuts have suddenly surged.
Once this easing expectation takes shape, it’s always a catalyst for crypto assets. Money flows where the market goes. Tonight’s trend looks unlikely to be calm.