#美联储降息政策 The global stock market increased by 21% in 2025. Sounds great, right? But I have to pour some cold water—this is all driven by the story of the Federal Reserve cutting interest rates. What does rate cuts mean? It means money becomes cheaper, and funds flood into the stock market and crypto space, creating a false illusion of prosperity.

I've seen too many people get wiped out in this "big trend." Valuations have been inflated to historic highs, and even Panix's chief investment officer said that for prices to continue rising into 2026, we need a "mild Federal Reserve"—which implicitly means: once policies turn, this bubble can burst at any moment.

What is the most dangerous? That FOMO mentality. Seeing others' profit screenshots, looking at the numbers on the leaderboard, and then ignoring risk management. Before entering, they didn't consider the project lifecycle, didn't see through the market maker's layout, and only realize on the day of a dump: oh, I was the one holding the bag.

Before 2026, I suggest everyone stay calm. In an environment of high valuations, it's better to earn less than to chase quick gains. Take profits when needed, reduce positions when necessary, and prioritize longevity. Signs of policy divergence are already emerging. Smart money should be thinking about how to survive the next adjustment, not chasing the upward price movement.