The interest rate has been cut, but Bitcoin continues to decline

This time, the Federal Reserve cut interest rates by 25 basis points, and the market had already anticipated it, with the good news being 'used up' by prices. When it actually happened, there was no surprise; instead, it became a reason for many people to sell. Especially for those who entered through ETFs, this is their first encounter with a bear market in the crypto space. When they saw that prices weren't rising, they chose to take profits or stop losses.

Analyst Terpin believes: 'Bitcoin has historically been decoupled from the tech market. It has only appeared more like the tech sector in recent years due to excessive liquidity.'

Cycle differences determine different rhythms

From a more macro perspective, Bitcoin follows a relatively clear four-year cycle, while the tech market has historically been more characterized by a long cycle of about ten years.

At the same time, the market has begun to worry about longer-term issues, such as future economic slowdown, inflation rebound in 2026, etc., leading to a more conservative overall approach to funds, unwilling to continue betting on high-volatility assets.