The expectations for interest rate cuts are fluctuating, making it difficult for the crypto market to escape the turmoil.

If the probability of an interest rate cut decreases further tomorrow, the crypto market will likely face another drop. Looking back at this market cycle, since the expectations for an interest rate cut were announced in December, Federal Reserve officials have frequently commented on the probability of interest rate cuts. When the probability rises, the market tends to follow suit and rise; when the probability falls, the market responds with a drop. This kind of operation undoubtedly stirs market sentiment repeatedly.

What is even more concerning is that even if an interest rate cut really occurs in December, the market is unlikely to have a strong response. After all, the value of policy expectations lies in the 'unknown'. Such frequent statements and adjustments to expectations will only erode the market's anticipation of interest rate cuts, leading to an early depletion of the originally positive effects. When the actual policy is implemented, what may remain is only the market's numbness and desolation.

How much short-term impact do you think the Federal Reserve's subsequent statements will have on the crypto market?