Tonight, Powell bows out! The "stabilizer" of the crypto market is completely gone

Qingyao says big news, at 2 a.m. Beijing time on April 30th, the Federal Reserve's interest rate decision is out, unchanged 100%, no suspense. But what’s truly explosive is: Powell, that old man who always opens meetings to chat heart-to-heart about the economy, will be on the news conference stage for the last time

That's right, he's stepping down. Even more intense, the next Fed Chair Waller has already spoken out: "No big deal, why hold a press conference?" — implying that in the future, even regular Q&A sessions might be cut!

Think about it, every time there's a rate hike, cut, or balance sheet reduction, Powell’s words would make the market tremble. Crypto brothers stay up late watching the live stream, just to hear some plain talk and gauge the direction, right? Now, it’s better—future Fed policies might just be “mute,” relying on guesses, direction based on intuition, and they might not even bother to explain!

What does this mean for the crypto market? Transparency drops sharply, volatility skyrockets! Previously, Powell could use plain language to draw a line, but now even that line is gone. Institutional funds and traders will seize the opportunity to move wildly. What about retail investors? Following news to chase gains or cut losses? That’s no different from walking across the street blindfolded!

The market always has opportunities; the key is to stay calm and operate wisely. Qingyao will continue to monitor on-chain dynamics for everyone, and let’s focus on moving steadily forward together!