The Fed cuts rates, the Bank of Japan raises rates—at first glance it looks like two boxers throwing punches in opposite directions, but in reality, it’s a tightly coordinated duet.

Don’t be fooled by appearances. The Fed isn’t cutting rates to send your coins to the moon; what it really wants to save is employment and the real economy. Will rate cuts push up asset prices? That’s just a side effect. The core goal is to get credit flowing again and revive frozen domestic demand.

Now look at Japan. On the surface, raising rates is about supporting the yen and suppressing inflation, but what’s it really doing? It’s installing a valve on global liquidity.

The Fed turns on the tap and dollar liquidity gushes out; Japan immediately tightens the valve, blocking out arbitrage opportunities. Hot money wants to rush around global markets? No way.

This “one loose, one tight” combination punch has only one purpose: don’t let the bubble burst, and don’t let capital outflows get out of control. Make sure capital has somewhere to go, but don’t flood both ends and turn asset prices into fireworks.

Put simply, this is a code among global central banks. They stabilize the situation with hedging, maintain order through rhythm differences.

When macro-control reaches an advanced stage, it’s not about who shouts louder, but who can maintain balance in chaos. The market fluctuates, but the system must stay steady—that’s the real art.

Risk assets like ETH will benefit from short-term liquidity releases, but don’t forget, Japan’s valve could tighten or loosen at any time.