According to CoinMeta, the Federal Reserve is expected to raise interest rates at its next FOMC meeting. The Fed has sent a clear signal of tightening, aiming to curb inflationary pressures by further tightening monetary policy. This move has directly pushed up market expectations for interest rate peaks, leading to a significant tightening of the financial environment. A high-interest-rate environment will continue to suppress the performance of risky assets and strengthen the safe-haven nature of the US dollar. Market participants must re-evaluate their asset pricing models to adapt to a more stringent liquidity environment.