Bitcoin suddenly plummeted, and the happiest person appeared: not the bears, but the Federal Reserve?

Yesterday, after BTC dropped below $80k, the entire network started frantically searching for the reason.
Some blame the Middle East;
Some blame the whales;
And others blame Musk for not tweeting.
But the real issue might be only one:
The market had risen too quickly before.
In the past few weeks, the market has been trading on "interest rate cut expectations."
Everyone assumes the Federal Reserve will eventually loosen monetary policy, so risk assets have been soaring.
But now a variable suddenly appears:
The situation in the Middle East.
When oil prices rise, inflation expectations tend to rebound.
And when inflation rebounds, the Fed is even less likely to cut rates.
That is the true impact yesterday.
Because BTC now essentially benefits from a "liquidity-driven market."
When money is cheap, it skyrockets;
When money becomes expensive, it struggles.
So tonight’s non-farm payroll data may directly determine the direction for the next month.
If the data disappoints:
The market will re-bet on rate cuts;
BTC may quickly rebound.
But if the data remains strong:
High interest rates will last longer;
BTC may continue to adjust in the short term.
Interestingly, although there was a sharp drop yesterday, spot ETF funds did not panic and withdraw.
This indicates that many institutions are not bearish on the long-term trend.
They are more like waiting for:
A more comfortable opportunity to add positions.
So the most painful people right now are actually short-term leveraged traders.
And the big funds may be quietly picking up chips.
#BTC重返8万