Dovish Fed signals could boost crypto in Q4

A dovish signal from the Federal Reserve ahead of its rate decision may support a strong fourth quarter for cryptocurrencies. A rate hike is widely expected, with market focus on the Fed's messaging. If Chairman Kevin Warsh signals dovishness, the crypto market could strengthen, while hawkish remarks may push Bitcoin to test the 63000美元 low. Fund flows indicate a wait-and-see approach before the Fed announcement, with net buying preference for stablecoins rising to 28%, while buying strength for Bitcoin and Ethereum decreased to 3% and 9%, respectively. Hedge funds remain net buyers, but systematic and quantitative strategies have shifted towards selling. Investors appear to be reducing exposure to risk assets while securing liquidity for future deployment. Post-announcement, the key point will be whether capital in stablecoins returns to exchanges and the broader market.

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