#数字资产生态回暖 Bitcoin has seen another amazing rally, rushing to $94,000 ($94,600), with a 24-hour increase of nearly 2.6%. The driving force behind it is straightforward - expected.

The Fed will hold a meeting early tomorrow morning to decide whether to cut interest rates, and now data shows that 97% of traders believe the Fed will cut interest rates by 25 basis points. Since "liquidity is expected to be loose", traders are rushing to deploy Bitcoin, after all, this asset is particularly sensitive to changes in interest rates.

However, the increase is so fierce, and there is another driving force - the wave of liquidation. Those bears who had previously bet on the decline in currency prices were forced out of the game when they saw that the trend was opposite to expectations. Yesterday, the liquidation amount of the whole network reached $430 million, the majority of which was the loss orders of these short sellers. The dip-buying orders triggered by forced liquidation directly contributed to the rapid rise in prices.

But there is a classic pitfall here - "good cash is reversed". If the Fed does announce a rate cut tomorrow, the buying demand accumulated in the early stage may be released in an instant, and it is easy to pull back. At the critical moment, we still have to see clearly: whether it is "taking off" or "turning around after a wave of peaks".

In general, the probability of interest rate cuts is very high, and the current market is indeed hot. But the more you reach this kind of crossroads, the more you have to guard against being shaken out by the last wave of shock. Don't forget, $ETH and $BNB are also following the trend, and the risks often come suddenly.