Even if the Federal Reserve cuts interest rates, it will be difficult for the cryptocurrency market to sustain an upward trend because there is a lack of retail investors entering the market.

1. There are very few "retail investors" (ordinary investors) in the market right now.
Take the Korean market as an example—retail investors used to be extremely active in crypto trading there, with daily trading volumes reaching tens of billions of dollars, but now it's only about $1 billion a day. This shows that the truly active money that chases highs and drives market excitement hasn't returned.

2. Without popularity, there is no market momentum.
Many new exchanges are unable to increase their trading volumes, and some companies have slowed down their IPO plans. The entire market feels deserted.

3. Conclusion: Relying solely on the "Fed rate cut" as good news may not be enough.
In theory, rate cuts increase the amount of money in the market, which is positive for investment. But if a large number of retail investors don’t rush in with their money and enthusiasm, policy stimulus alone may not be enough—the market might rise briefly, but without follow-up capital, it will quickly fall back.

To use an analogy:
It's like throwing a party—you announce "free drinks" (rate cut), but hardly any friends want to come (retail investors aren’t participating). No matter what, the party can’t get lively; free drinks alone are useless.

What the market lacks most right now isn’t just good news, but “people” (retail investors) and “money” (their trading capital). Only when we see retail investors coming back in large numbers will a real bull market be possible. $BTC