According to CoinMeta, Jiang Zhuoer, the founder of LaiBit mining pool, stated in a post that the Federal Reserve's interest rate hikes do not necessarily lead to the end of the cryptocurrency bull market. He believes that the growth potential of the crypto industry and the impact of market cycles may outweigh changes in interest rates. Moreover, the relatively small size of the crypto market means that some of the new funds flowing into traditional financial markets could have a significant effect. Jiang Zhuoer, referring to historical prices, Federal Reserve interest rates, and balance sheet data, pointed out that the capital behavior of long-term holders and the market's own growth are also worth paying attention to. However, his statements regarding the relationship between historical bull markets, interest rate hikes, and balance sheet reductions still need further verification.