Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
The expectation of rate cuts continues to cool down, and the liquidity turning point has not yet arrived.
Latest data shows that the Chicago Mercantile Exchange (CME) interest rate outlook tool provides the latest pricing:
June policy meeting window:
Probability of maintaining interest rates unchanged: 95%
Probability of a 25 basis point rate cut: 5%
July policy meeting window:
Probability of maintaining interest rates unchanged: 87.9%
Probability of a 25 basis point rate cut: 11.7%
Probability of a 50 basis point rate cut: 0.4%
The core meaning of this data set is only one thing:
The market is re-pricing the start time of the "easing cycle."
In other words—
Liquidity will not return so quickly.
What does this mean for the crypto market?
Short-term: Lack of new liquidity-driven momentum, market more inclined to oscillate and trade sideways
Medium-term: Genuine trend movement still requires waiting for policy turning points to be confirmed
Structural: Funds are more inclined toward high-certainty assets rather than high-risk expansion
The biggest illusion in the market is trading in "interest rate cuts that haven't happened yet."
And the real opportunity often appears after expectations have completely shifted.
Before liquidity is released, controlling the pace is more important than betting on the direction.
Follow me for continuous analysis of the macro liquidity and crypto market linkage logic.