#美联储重启降息步伐 Interest Rate Cut Cycle Begins: How Should Crypto Assets Be Allocated Under the Pressure of U.S. Stock Market Corrections?

I recently saw a new report from JPMorgan pointing out that the Fed is set to start a new round of interest rate cuts. This is a signal of a shift for the entire financial market.

Looking at the reaction of the U.S. stock market, as Q4 approaches, institutional investors are generally taking profits. During this year-end window, many choose to cash in gains, and this pressure is likely to be transmitted to the crypto market.

We have to acknowledge a reality: there’s currently a strong correlation between the U.S. stock market and the crypto space. Mainstream assets like $BTC and $ETH often follow the trends of the U.S. equity market—especially during times of tight liquidity, the correlation rises significantly. When the stock market sees a clear correction, it’s often hard for crypto assets to remain unaffected.

But that doesn’t mean we’re completely passive. If you look closely at the entire crypto ecosystem, you’ll find that vertical sectors like DeFi and NFTs can actually incubate independent narratives and trends. While the overall market does have influence, these fields can sometimes break free from the constraints of the broader market and show their own cycles.

For those of us participating, strategy is key.

If your risk tolerance is low, you might consider gradually reducing positions at this stage and locking in some profits early, which will greatly reduce psychological stress. Conversely, even if you prefer a more aggressive approach, you should still control your entry pace—chasing highs out of greed is often the start of losses. A wiser approach is to remain patient and wait for clearer buy signals before getting in.

From another perspective, we need to monitor Fed policy moves and U.S. stock performance, but we shouldn’t let these external factors dictate our decisions. The crypto market is complex enough on its own—technical indicators, on-chain data, and the fundamentals of major coins all deserve deep analysis.

The market is always changing, but risk management awareness and trading discipline are the real moats for surviving cycles.