While the Federal Reserve is pressing the rate cut button, the Bank of Japan has suddenly pulled the lever to raise rates.

This scenario is like watching two giants in a tug of war—one pulling liquidity to the left, the other tightening money to the right. The market, caught in the middle, is stretched like a spring: surging rapidly, then plunging sharply, stabilizing, and then moving sideways as if lifeless. Many people think this means the direction is unclear, but experienced traders know that truly explosive moves are often hidden in this kind of repeated torment.

The stalemate in policy games is precisely the key window for capital to reprice. The price movements of mainstream coins like ETH perfectly reflect global capital's hesitation and testing under interest rate differentials. Be patient; the big move is still brewing.