The shift toward tighter monetary policy across major economies? It's happening, sure—but let's be real, we're not seeing anything close to a dramatic upheaval yet. Central banks worldwide have been signaling hawkish intentions, but the actual implementation remains measured. Markets are still digesting the pace of these adjustments, and frankly, the global hawkish turn feels more like a gradual recalibration than a shock to the system. For crypto and risk assets, this matters. A slow burn gives room to adapt; a sudden pivot would be a different story entirely.