Powell just finished speaking, but the market didn't hear the answer it wanted.

Monetary policy? Interest rate hike plans? Not a word was mentioned. The reason is simple - the Federal Reserve's policy meeting is coming up next week, and we are currently in the standard quiet period, which means no spoilers can be given. This speech seems more like a routine affair.

But here's the interesting part: just last night, USDC quietly issued 850 million tokens. What does the issuance of stablecoins often mean? Institutional funds are quietly positioning themselves.

Do you remember the market fluctuations caused by the yen's interest rate hike yesterday? It was digested in just one day. More importantly, the BTC main contract has quietly established a bullish position of over $1 billion.

The current market is like a tug-of-war: on one side, there is panic selling, and on the other side, there are determined bottom fishers. The forces on both sides are at a stalemate, which is why the market is fluctuating back and forth.

When liquidity truly returns, there may be big players stepping in.

BTC, ETH, SOL, the upcoming trends are worth keeping an eye on.