#美联储货币政策影响 The hawkish remarks from Fed officials have extinguished market expectations for a rate cut in December, triggering a sharp decline in global markets. The sell-off in U.S. tech stocks has intensified, with the S&P 500 and Nasdaq 100 both breaking through key support levels. Analysis of the data shows that panic sentiment is spreading, with the VIX volatility index rising above 22. In terms of capital flow, demand for safe-haven assets is increasing, and the precious metals market is also impacted. In this situation, it is essential to closely monitor the movements of large investors on-chain, particularly the minting of stablecoins and the flow of funds on exchanges, to assess the possible reactions in the crypto market. It is advisable for investors to remain cautious and focus on risk management.