#以太坊大户持仓变化 The independence of the Federal Reserve is undergoing an unprecedented test. Once the political pressure from the White House succeeds, central bank policies will shift from being data-driven to being driven by political needs — this is the real risk. When fiat monetary policy loses its rational anchor, investors' trust in the traditional financial system will accelerate its collapse. The safe-haven value chain of cryptocurrencies will then be truly activated. The performance of assets like $BNB and $PEPE under extreme policy environments is becoming a key variable in market re-pricing. Tonight's sharp price fluctuations are not isolated events but an early reaction to policy prospects. In the coming weeks, the outcome of the political and monetary policy game will directly determine the direction of fiat currency credit.