The Central Bank of Egypt once again took action last night, cutting interest rates by 100 basis points in one go. This is the most aggressive easing move of the year—weak economic growth, continuous outflow of foreign capital, and enormous pressure on the local currency depreciation suggest they are truly anxious.

But a closer look reveals that this is not just Egypt's story. Global economies have already quietly begun a "policy shift." Major central banks in the US, Europe, and Japan are hinting at or explicitly implementing easing measures, continuously releasing liquidity. The question is: when overwhelming capital finds no good outlet, where will it ultimately flow?

Historical experience tells us the answer—assets that can hedge against inflation and have high liquidity will be the first to become safe havens for capital. In the crypto world, this story is unfolding. The narrative of privacy coins is experiencing a strong resurgence, the Ethereum ecosystem remains vibrant, and a batch of emerging protocols are attracting keen-eyed capital with innovative designs.

More importantly, the market is increasingly signaling that the Federal Reserve's rate cut expectations are becoming clearer. Once implemented, the crypto market may see a massive influx of liquidity. The current calm is very much like the prelude to a storm. Smart participants have already begun quietly positioning themselves.

Every turning point in the macro environment is a golden window for asset reallocation. This window is right in front of us.