No rate cuts, will the bull market directly cool down? 🔥Interest rate hikes make a comeback, US Treasury yields soar, and crypto logic completely reverses

No one expected it, the market sentiment suddenly flipped dramatically!
Recently, the entire internet was unanimously bullish on rate cuts, BTC surged all the way up, everyone was immersed in the bull market celebration, confidently believing that the easing trend would continue.
In just a few weeks, the market made a 180-degree turn!
The rate cut expectations were completely dashed, and the rate hike expectations officially returned to the market
US Treasury yields skyrocketed, hitting multi-year highs
The 30-year US Treasury yield surged to 5.20%, reaching a 19-year high since 2007
The 10-year US Treasury yield stabilized at 4.58%, hitting nearly a one-year high
The Federal Reserve’s stance is even more firm:
The topic of rate cuts is completely over!
Internal officials are collectively turning hawkish, and they have begun seriously evaluating restarting rate hikes
Last month’s FOMC seemed to keep rates unchanged, but in reality, hawkish officials took full control, and monetary policy continued to tighten.
Market data is even more straightforward: the probability of a rate hike before the end of the year has soared to over 80%!
High interest rates + a strong dollar exert double pressure, leading to a major market shift
Gold came under pressure and plunged, BTC was also heavily dragged down by the macro environment
Market fluctuations, repeated whipsaws, and liquidations totaling $44.65 million across the internet, countless people suffered losses
Previously, everyone was discussing: when will rate cuts happen, boldly bottom-fishing
Now, the entire internet is filled with anxiety: will there be rate hikes, is 77,500 the bottom or a trap
The crypto bull market is fundamentally driven by liquidity.
Easing policies trigger big rallies, rate hikes will only continue to suppress the market.
The macroeconomic logic has completely changed, and subsequent market movements will become more extreme, with frequent whipsaws, high leverage can be wiped out with a single click at any time.
A straightforward answer to the core question: if there are no rate cuts, will the bull market die?
The answer is very clear: the bull market will not end immediately, but the crazy bull run is over.
High interest rates will continue to suppress market liquidity, and the market will bid farewell to a one-sided rise, entering a long-term consolidation phase.
The fundamental underlying of the bull market has not been destroyed; only the market rhythm has been completely rewritten.
Currently, remember three points:
❌ Do not hold heavy positions and stubbornly fight
❌ Do not blindly chase against the trend
❌ Stay away from high leverage gambling
In the end, the crypto market always depends on macro conditions.
If you don’t understand the macro situation, even the most advanced technical analysis is useless.
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