#美联储降息 Why does the price of coins still fall after the Fed cuts interest rates? What's really going on with this market?

Last night, the Federal Reserve announced a 25 basis point rate cut. I thought this would trigger a rally, but instead, the market turned a "positive news" into a "negative surprise."

The price dropped from 94,000 to around 90,000 at an incredible speed. This move caused many traders' sentiments to fall from heaven to hell — it’s really uncomfortable.

**Where's the problem? Honestly, the market has little expectation left for rate cuts.**

The Fed’s pace of rate cuts is painfully slow — at most one cut in 2026 and 2027. For a market used to "liquidity infusion," this doesn't stimulate much. Internally, there's also fierce debate; Powell keeps emphasizing the importance of employment data in decision-making. Goldman Sachs even said that the era of "preemptive rate cuts" is over. Unless the labor market deteriorates significantly, there's no chance.

**The fundamental issue is a lack of money.**

Without continuous inflows of new funds, retail traders have no enthusiasm, and major players are on the sidelines. Japan is raising interest rates, and with year-end Christmas fund repatriation, market liquidity is tightening. Under these conditions, there are no new positive catalysts, so the market is likely to weaken. If negative news suddenly emerges, breaking 80,000 in $BTC wouldn't be impossible.

The voting on this rate cut was chaotic — the dot plot was confusing, and even Powell’s remarks failed to provide reassurance. Market sentiment dominates everything; short-term movements are really unpredictable, though the long-term outlook still leans bullish.

The key is to see which upcoming data can ignite market sentiment and how to position oneself optimally to catch the best opportunities.