Wu said that, according to SoSoValue, the Federal Reserve cut interest rates by 25 basis points as expected, but hawkish expectations triggered market panic, with the VIX index climbing to its highest point since the Bank of Japan raised rates in August. On December 18, the FOMC meeting lowered the target range for the federal funds rate to 4.25%-4.50% and adjusted the expected interest rate cuts next year from four times to two, while raising expectations for core PCE inflation and GDP growth. Analysts pointed out that the market reacted excessively to the Federal Reserve's signals, the dollar appreciated strongly, and risk assets generally corrected, but the fundamentals of the U.S. economy remained unchanged. Strong consensus assets like cryptocurrencies are still hotspots for capital inflows, and the current correction may be a layout opportunity, suggesting to maintain risk exposure.