$BTC $ETH $BNB

In 3 minutes: Why did the Federal Reserve's rate cut result in a 'deep pit' for BTC? This morning, many were left confused!

Clearly, the whole internet is buzzing about the 'Federal Reserve's rate cut', so why did Bitcoin not rise but instead plummet? Is the good news false? Hold on, the truth is hidden in the jargon of the news—this is not a great gift; it’s a 'stale bomb' wrapped in sugar coating.

1. The so-called good news has long been consumed

A 25 basis point cut? The market anticipated it two weeks ago! It’s like when Dad promised to buy a game console; when you finally get it today, will you still be excited? The savvy funds in the crypto circle had already positioned themselves, and as soon as the news broke, it was 'good news realized and sold off', no negotiation on the dumping.

2. A fatal blow: expectations for future 'liquidity' severely diminished

The dot plot indicates that there may only be one rate cut in 2026. This is equivalent to telling the market: the dream of massive liquidity next year is shattered! The bulls’ anticipated 'liquidity frenzy' suddenly stalls, funding costs remain high, and the bull market engine is out of fuel—panic selling naturally erupts.

3. Internal division, hawks quietly raise their heads

Surprisingly, three members opposed the rate cut, and some even advocated for inaction. The internal conflict within the Federal Reserve indicates that the shadow of inflation has not dissipated (especially the implications of Trump's policies). Once 'printing less money' becomes a trend, BTC, which relies on liquidity to survive, will immediately tremble.

In summary: The market is not afraid of bad news; it fears 'expectations falling flat'. This time, it’s the appearance that was given (rate cut), but the substance was drained (poor future expectations). What’s wrapped in sugar paper is a half-cold pancake.