#美联储降息预期 The Federal Reserve will release the Beige Book on economic conditions this week, and this report may influence the market's expectations for interest rate cuts. According to on-chain data, there have been no significant changes in the capital flows of large addresses recently, suggesting that the market may not have strong expectations regarding this event. However, I will closely monitor changes in stablecoin minting volume and exchange capital flows within 24 hours after the release, as these could reflect institutional investors’ views on the economic outlook. I will also track interest rate changes on DeFi lending platforms to assess market expectations for USD liquidity. These on-chain signals may provide us with some additional insights.