Federal Reserve Board member Milan's recent statements have attracted market attention. Although he is about to step down, the signal of a rate cut—150 basis points this year—is not to be taken lightly.

What does this mean for the market? Once the liquidity gate opens, funds will have a place to flow. Assets like Bitcoin often become important choices for incremental capital. Historically, loose monetary cycles tend to be favorable for risk assets.

Market reactions to such policy expectations are usually quick. Once the expectation of a rate cut becomes solid, many investors will start to position themselves in advance, which is also why recent market trends have continued to attract attention. Of course, policy implementation still requires waiting, but this signal is already very clear.