#数字资产市场动态 The 2025 Global Central Bank Policy Reversal: From "Simultaneous Rate Cuts" to "Independent Actions" 🔄

$BTC $ETH $BNB

At the beginning of the year, people were betting on a wave of global rate cuts, led by the Federal Reserve and the European Central Bank, with emerging markets following suit, cutting over 3,000 basis points. But by the end of the year, the storyline took a 180-degree turn.

The current situation is as follows:

**Category 1: Cut and Pause**
Central banks in Europe, Norway, Sweden, and others have completed rate cuts and have basically taken no further action, maintaining their policies and entering a wait-and-see period.

**Category 2: Hawkish Words, Dovish Actions**
The Federal Reserve talks about rate cuts, but the dot plot reveals a hawkish stance; the Bank of England, Bank of Canada, and others have faced internal disagreements after cutting, and a consensus on the next step has yet to form.

**Category 3: Going Against the Grain**
The Bank of Japan is doing the opposite. In December, it raised rates to 0.75%, the highest in 30 years, and officials are hinting at further increases in 2025.

**What are the potential impacts of this change?**

The environment of "cheap liquidity" that has supported global asset valuations for years is fading. While most central banks choose to wait and see, Japan’s continued rate hikes are like quietly draining liquidity from the global market—this "straw" will ultimately impact high-risk assets that rely on arbitrage trading and loose funding.

**The real significance for crypto assets:**

Reallocating liquidity is a process of differentiation. Assets with genuine scarcity and inflation resistance will stand out, while those with heavy bubble components will face pressure.

What’s your view?
- A: Short-term bearish (liquidity is indeed tightening)
- B: Long-term bullish (the value of non-sovereign assets is being re-evaluated)
- C: Both risks and opportunities (finding entry points amid volatility)

Leave your judgment in the comments, and let’s analyze it together.