#美联储货币政策 Observing an interesting contradiction in the race for the Federal Reserve Chair. Trump wants low Intrerest Rate, but the candidate he supports tends to favor limiting quantitative easing. This may indicate a significant shift in the Federal Reserve's strategy to respond to economic recession. From on-chain data, no significant changes in capital flows have been observed yet. However, it is recommended to closely monitor the position adjustments of large institutional investors, especially in safe-haven assets like U.S. Treasuries and gold. In the coming months, as the new chairperson candidate becomes clearer, the market may experience some volatility. Continuous monitoring of the trading volume and position changes in on-chain contracts is necessary to capture potential investment opportunities.