Futures
Access hundreds of perpetual contracts
CFD
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 countdown to the Federal Reserve's leadership change! Will Bitcoin experience a "big reshuffle" on May 15th? Looking back at history, this time is different!
Mining Little Sheep
Followed
Hawkish new chair + strong employment data double boost, rate cut probability plummets, BTC mid-term trend faces re-pricing!
"On May 15th, Bitcoin might change everything."
You think it's just the Fed changing personnel normally? No, this is the most influential leadership change in decades.
Kevin Woor, a man much hawkier than Powell, officially takes over the Fed on May 15th. Meanwhile, April's non-farm employment data exceeded expectations for the second consecutive month, and ADP data also exploded.
Rate cuts? Don't even think about it.
Rate strategist Ira Jersey straightforwardly said: "It's hard to see the Fed choosing to cut rates under these circumstances."
Here's the question: How much impact does the Fed's leadership change have on Bitcoin's mid-term trend?
Don't rush, first look at history, then discuss why this time is "different."
How did Bitcoin perform during the last two leadership changes?
February 2018, Powell replaced Yellen.
What was Bitcoin's price then? Just after dropping from the $20k high to around $10k, the market was still hoping for a "rebound."
What did Powell do after taking office? Rate hikes, balance sheet reduction, hawkish stance.
And Bitcoin? Dropped from $10k to just over $3,000, halved twice, a full year of bear market—how many people cut losses at the bottom?
Before and after the Fed leadership change, the market will reprice the entire liquidity outlook. The new official's first moves are all about "whether money loosens or tightens."
This time is even more intense: Woor + employment data = double blow
Why might this be more terrifying than before?
First, Woor is more hawkish than Powell.
Powell at least said "rely on data," occasionally giving dovish hopes. Woor? His stance is terrifyingly clear: low inflation tolerance, strong rate hike willingness, no rate cuts—dream on.
Second, employment data is ridiculously strong.
April's non-farm payrolls hit 115k, exceeding expectations for two consecutive months, and ADP data is also robust. The labor market is like on steroids—why would the Fed cut rates?
Third, market expectations are being violently re-priced.
Previously, everyone was secretly betting on rate cuts in the second half of the year. Now? Rate futures have pushed the probability of rate cuts to zero.
Money remains expensive, liquidity stays tight, and risk assets continue to be under pressure.
Mid-term trend forecast: three possible scenarios
Scenario 1: Volatile sideways decline (60% probability)
Woor maintains hawkish tone after taking office, market gradually digests negative news, Bitcoin repeatedly tests the current range. No big crash, but no big rebound either—just a torturous market.
Scenario 2: Short-term panic sell-off (30% probability)
Woor's debut speech exceeds expectations for hawkishness, market panics instantly, Bitcoin drops 10%-20% quickly, then slowly recovers.
Scenario 3: Bad news fully priced in, then rebound (10% probability)
"Buy the rumor, sell the fact"—if the market has already priced in hawkishness to the extreme, Woor's appointment might be the final straw, triggering a technical rebound. But don't expect a reversal.
What should you do?
First, don't go against the Fed.
During Powell's era, you could criticize him as "not understanding crypto," but during Woor's era, criticizing him is useless because he's truly hawkish.
Second, cash is king—no nonsense.
In a tightening liquidity cycle, holding cash is holding an option. Don't go all-in on risk assets to fight inflation; in this environment, not losing is winning.
Third, shift from dollar-cost averaging to swing trading.
The "mindless dollar-cost averaging" strategy of the past two years needs adjustment. Mid-term uncertainty is too high—learn to do swing trades or simply wait until Woor's policy stance becomes clearer.
In one sentence: The Fed's leadership change is not just a short-term event but a rupture point in the mid-term trend. After May 15th, stop playing Woor's game with Powell's logic. #Gate广场五月交易分享