There is an interesting phenomenon—China's central bank's balance sheet is about to surpass that of the Federal Reserve, reclaiming the position of the world's largest central bank.

Here domestically, quantitative easing has already restarted, while the Fed's Powell, although still maintaining a tough stance publicly, has quietly started to slow down QT (quantitative tightening). Following suit is only a matter of time. However, the effectiveness of targeted stimulus domestically hasn't met expectations; the money hasn't fully flowed to where it should.

But looking at the global situation, central banks are all easing liquidity. What does this mean? Economic data is improving, consumption is picking up, and inflation is rising—this combination hints at the emergence of a super cycle in commodities.

For the crypto market, this macro environment generally favors core assets like BTC and ETH. During periods of liquidity easing, risk assets tend to benefit first. Of course, BNB, as a platform token, will also move in tandem with the market. Let's wait and see.