Core Insights - The recent quarterly reports from listed companies and public funds reveal significant portfolio adjustments by well-known fund managers, indicating a structured market trend in the third quarter [1] - Fund managers such as Fu Pengbo and Xie Zhiyu have notably increased their positions in leading companies like Dongshan Precision and Huaxin Cement, reflecting a bullish sentiment towards specific sectors [1] - Looking ahead to the fourth quarter, some fund managers express optimism about the long-term stability and growth of the Chinese equity market, anticipating a potential turning point in US dollar liquidity that could enhance liquidity in the Chinese stock market [1] - However, the fourth quarter is expected to see increased macroeconomic events, which may lead to greater volatility in growth sectors [1] Fund Manager Actions - Fu Pengbo's Ruiyuan Growth Value and Xie Zhiyu's Xingquan Helun have collectively increased their stakes in PCB leader Dongshan Precision [1] - Zhu Shaoxing's Fortune Tianhui has significantly raised its holdings in Huaxin Cement, indicating a strategic focus on construction materials [1] Market Outlook - The long-term positive trend in the Chinese equity market is becoming increasingly clear, with expectations of improved liquidity conditions [1] - The anticipated macroeconomic events in the fourth quarter may introduce more volatility, particularly in growth sectors [1]

Core Insights - Federal Reserve Chairman Jerome Powell's speech on October 15, 2025, introduced significant variables for both the global macroeconomic landscape and the cryptocurrency market, highlighting rising employment downside risks and the potential end of balance sheet reduction in the coming months [1][5] Employment Market Signals - Powell's comments on slowing non-farm employment growth and rising employment downside risks alleviated market concerns regarding high interest rates suppressing risk assets, leading to a 21% increase in Bitcoin spot trading buy orders and an 18% rise in Ethereum contract trading activity within an hour post-speech [3][5] - The XBIT platform's tools allowed investors to overlay employment data expectations with cryptocurrency price trends, enabling users to capture short-term arbitrage opportunities through features like "market alerts + smart follow-up" [3][5] Inflation Dynamics - Powell emphasized that the August core PCE inflation rate of 2.9% was influenced by tariffs rather than widespread inflationary pressures, resulting in a 34% increase in fund inflows for RWA (Real World Asset) related tokens on the XBIT platform [3][5] - The platform's unique "cross-chain asset flow tracking" module monitored significant fund movements across 18 main chains, helping users identify institutional investments in tokenized government bonds and commercial real estate [3][5] Liquidity Expectations - The signal regarding the potential end of balance sheet reduction sparked market expectations for liquidity easing, with XBIT's "liquidity inflection point monitoring" feature triggering alerts based on AI-generated models predicting a 15% to 20% potential price increase for major cryptocurrencies over the next 30 days [5][7] - The number of users engaging in cross-chain asset allocation increased by 42% within three hours post-speech, with institutional users frequently utilizing the "compliance sandbox 2.0" module for stress testing [5][7] Risk Management and Tools - XBIT's platform updated its macroeconomic data alert module to include delayed official employment data and upcoming Beige Book content, providing users with strategies for adjusting trades in response to policy changes [5][7] - The "fully automated arbitrage engine" on the platform monitored price discrepancies across multiple chains, triggering cross-chain arbitrage when Bitcoin's price exceeded a 3% premium, yielding an average arbitrage return of 0.8% for users on that day [5][7] Overall Market Strategy - For ordinary investors, XBIT's tools facilitate a more precise understanding of the interplay between policy and market dynamics, enabling stable asset allocation amid complex liquidity changes [7] - As the Federal Reserve's policies remain in a state of dynamic adjustment, the cryptocurrency market's sensitivity to policy-related volatility is expected to persist, with XBIT providing comprehensive support from information capture to risk management [7]