Macroeconomic uncertainties are often not the end point of market trends, but rather the starting point for the main theme to brew. Looking back at previous bull markets, the true trend never waits for "all positive news to materialize" before starting, but is instead pre-priced through anticipation and speculation. The 2025 crypto market is no different: the interest rate cut path has not yet been fully confirmed, but funds are already beginning to realign structurally. AI

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