Damn, this old guy Powell can really hold back!
Just came across the news, the probability of a 25 basis point rate cut by the Federal Reserve in December on Polymarket has dropped directly to 30%, while the probability of maintaining the status quo has soared to 68%. The market expectation is as cold as drinking northwestern wind in the dead of winter.
$123.6 million in real money is bet on this matter, indicating that big funds have already voted with their feet! Still hoping for a big bull run with liquidity? Wake up, brother, the high-interest rate knife is still hanging over our necks, and risk assets are the first to take a hit.
If you ask me, once this rate cut expectation collapses, it’s much harsher than any Mt.Gox crash! Liquidity is tightening, and the dog house is just closing the door to beat the dog, blasting the long positions before targeting the shorts, and it’s all so smooth.
What to do now? If there's a rebound, take a breath quickly, if you need to run, just run and don’t look back! Don’t believe those toxic sayings like 'the bad news is all out, it's good news now', every day the interest rate stays high, more leverage will die out. Remember, surviving in the market is stronger than anything else! $BTC
