The Federal Reserve's year-end meeting minutes have just been released, signaling several interesting points. FOMC members' attitude this time is clearly dovish—most are considering the possibility of further rate cuts. However, there is a key detail to note: the timing and magnitude of rate cuts will ultimately depend on inflation data, not on a lack of data to justify action.

What does this mean for the crypto market? The Fed's inclination toward an accommodative monetary policy generally releases more liquidity into the market, which is positive for risk assets. But at the same time, we should also pay attention to inflation trends—if inflation data remains weak, it could provide more room for rate cuts; conversely, if inflation rebounds, the Fed might step on the brakes.

Therefore, the key is to continuously monitor upcoming inflation data releases. For the crypto space, such shifts in policy expectations often lead to market sentiment fluctuations. In the short term, focus on inflation data; in the long term, observe whether the Fed's actual actions align with current expectations.