The remarks made by Federal Reserve Board of Governors member Milan early this morning are likely to have made many coin holders gasp in surprise—"There may be further balance sheet reduction in the future." This is not some technical adjustment; to put it simply, the Fed plans to take back some of the money that was previously printed at an insane rate.

For the crypto space? This matter is a bit critical.

Think about it, the previous rebound of Bitcoin was largely due to the benefits of the Fed's stimulus expectations. With more money in the market and nowhere for funds to go, it naturally flowed into high-risk assets like cryptocurrencies. Now that there are sudden hints of "tightening", those speculative funds will definitely retreat at the first opportunity, and it's normal for the coin prices to struggle under pressure in the short term.

However, I don't think it will lead to panic selling. Pay attention to the key phrase - "it is possible", it's not a done deal. The Fed is currently in a difficult position, if it tightens too aggressively, the economy can't handle it, so it's highly likely they will first make statements to see how the market reacts. But in the short term, don't get impulsive and chase highs; recently, whenever the coin price rises a little, someone in the comments shouts "the bull market is back!", but the Fed's scythe is still hanging.

Is the position in your hand able to withstand this round of liquidity tightening? When this kind of macro signal comes out, it is often a peak period for retail investors standing guard.