#以太坊大户持仓变化 $Federal Reserve Moves $I'm Coming Just now, breaking news: The Federal Reserve may initiate a massive 100 basis point rate cut, and the market is even betting on entering a negative interest rate cycle!

How aggressive is this move? Borrowing money not only has zero interest but banks might even subsidize you—Wall Street is playing a big game to stabilize growth.

The crypto community's reaction was swift. DeFi lending protocols instantly heated up, with some starting to calculate: if on-chain interest rates follow this policy expectation and turn negative, by collateralizing assets to borrow stablecoins, you could actually earn subsidy income. It looks like a win-win situation.

But here, we need to hit the brakes. Experienced traders in groups are pouring cold water: don’t be blinded by numbers. While DeFi strategies under negative interest rate environments are indeed novel, risks are also accumulating in the shadows—liquidity crises, smart contract vulnerabilities, market shocks... Once sentiment reverses, today’s “mining” could turn into tomorrow’s “stampede.”

Finance is always like this—behind tempting returns, there are often bigger pitfalls.