Tonight at 10:30, Fed Vice Chairman Jefferson will speak.

The time is set for November 17 at 22:30, with the theme being economic outlook and monetary policy. To be honest, when officials of this level speak, the market has to listen carefully—especially with the current market conditions, a single statement can create waves.

The cryptocurrency market has not been stable lately. Bitcoin recently dropped below $95,000, spreading panic and weakening market confidence. What's worse is that the expectation for an interest rate cut in December has dropped to around 44%, and hawkish voices are growing louder.

How sensitive are crypto assets to liquidity? Simply put, they are a barometer of the Fed's policy, directly determining where the funds flow. The market is currently at a delicate balance point, neither rising nor falling, just waiting for a clear signal to break the deadlock.

Jefferson's statement tonight is likely that signal. Whether he releases dovish or hawkish tendencies, the short-term capital flow is basically determined. Let's wait and see.