As soon as Powell said, 'QT officially ends today', I cursed 'Wow' in front of the screen and then started laughing uncontrollably.
Because I know, the game ends here, the real push-back feeling has come.
Powell directly threw three atomic bombs:
1. QT is completely shut down, injecting 95 billion US dollars into the market every month; this is not a rate cut, it’s a damn money printing machine restarting;
2. 87% probability of interest rate cuts in December is locked in, and there will be a few more cuts in 2025;
3. Tariff inflation? He himself said 'The Federal Reserve makes independent decisions', which translated into plain language means: Trump can make a fuss, but I won't pay attention to you; I will follow the data.
I'm now staring at the crystal ball:
- The funding rate has skyrocketed back to zero from -0.008%, and the shorts are starting to panic;
- The few OG whales on-chain dumped all the borrowed USDT into $BTC and $ETH ;
- $ETH saw 80 million flowing out this morning, and by the end of the day, 160 million had already flowed in;
- Fear & Greed is still at 20, but I know this number will shoot above 50 tomorrow.
I only have one thing to say:
The market's sell-off this morning was like receiving the best Christmas gift of 2025 in advance, and then Powell personally unwrapped it for me.