BNY Mellon's leadership just flagged something worth paying attention to: mounting pressure on the Federal Reserve could force rates even higher. With $2.2 trillion in assets under management, they've got a front-row seat to market dynamics. When major institutional players signal hawkish Fed expectations, it ripples through everything—from capital flows to liquidity conditions. For crypto investors specifically, higher rates typically mean tighter conditions and shifting portfolio priorities. The question now is whether markets have fully priced this in or if we're still seeing adjustment ahead.