Wu said that according to SoSoValue, the Federal Reserve has lowered interest rates by 25 basis points as expected, but hawkish expectations have triggered market panic, and the VIX index has risen to the highest point since the Bank of Japan's interest rate hike in August. At the FOMC meeting on December 18, the target range for the federal funds rate was lowered to 4.25%-4.50%, and the expected interest rate cuts for next year were adjusted from four times to two times, while the core PCE inflation rate and GDP growth rate expectations were raised. Analysts pointed out that the market has overreacted to the Federal Reserve's signals, the dollar has strengthened significantly, and risk assets have generally corrected, but the fundamentals of the U.S. economy remain unchanged. Strong consensus assets like cryptocurrencies are still hotspots for capital inflows, and the current correction may present an opportunity for positioning, suggesting maintaining risk exposure.