Ahead of the US Federal Reserve's (Fed) interest rate decision, Crypto Briefing analyzed that if dovish (preferring monetary easing) signals emerge, the cryptocurrency market could see strong momentum in the fourth quarter of this year. The media outlet stated, "An interest rate hike is already highly likely. Market attention will be focused on the Fed's remarks. If Chairman Kevin Warsh delivers a dovish signal, the cryptocurrency market could show strength in Q4. However, if hawkish (preferring monetary tightening) remarks are made, Bitcoin could retest its low of $63,000." A clear wait-and-see attitude is also evident in actual fund flows. Ahead of the Fed's announcement, the net buying tendency for stablecoins rose to 28%, while the buying intensity for Bitcoin and Ethereum fell to 3% and 9% respectively. Hedge funds are still maintaining net buying, but system and quantitative investment strategies have largely shifted towards selling. Overall, this suggests that investors are reducing their exposure to risky assets and securing liquidity that can be reinvested at any time. The media outlet pointed out, "After the Fed's announcement, the key point to watch will be whether funds that had been staying in stablecoins return to exchanges and the market, rather than the interest rate decision itself."
