Recently, during the European midday session, US Treasury yields collectively declined, with the 10-year yield directly falling below the 4.15% mark. This signal is not trivial—it indicates that many institutional investors are already studying the possibility of the Federal Reserve cutting interest rates.

From market trading data, expectations for Fed policy remain relatively clear: there may be two rate cuts within the year. This suggests that the liquidity environment could improve, which is generally positive for mainstream cryptocurrencies like Ethereum and Solana.

The decline in yields itself is a signal—economic expectations are shifting from "maintaining high interest rates" to "gradual easing." While whether rate cuts will actually materialize depends on subsequent employment data and inflation, the market is already pricing in this possibility in advance.