🔥25 basis points cut, but the water isn't pouring out fast enough—this Fed move has even Old Trump can't stand it anymore.

The rate cut of 25 basis points was implemented at 3 a.m. The market initially thought it would ease up, but the dot plot directly slapped that idea down: out of 19 members, 7 voted against, nearly 40% of the committee doesn't want a cut at all. Even more astonishing, a former president came out shouting: "What's this little margin? The interest rate should be lowered to the lowest in the world!"

🦅They say they're easing liquidity, but the gate is tightly held

Powell’s statement at the press conference that "interest rates remain at a high neutral level" basically made it clear—that money can be provided, but don't expect a full supply. While opening the tap, they emphasize "policy still within the restrictive range"; only the Fed could pull off such antics.

💡Three details reveal the true picture:

1️⃣ Internal divisions are on display—nearly 40% of committee members openly dissent, an uncommon level of disagreement
2️⃣ Mines affiliated with the Old Trump family directly jump into the top 22 BTC holdings, blurring the lines between political capital and crypto assets
3️⃣ The latest statement from CFTC chair: Bitcoin can now be used as collateral for derivatives—regulatory attitude is shifting faster than expected

📈What they say and what they do are completely different

Institutions have already started moving. On the surface, cautious statements are made, but behind the scenes, they keep increasing holdings of government bonds and quietly expanding their balance sheets. This kind of "leaving room to talk, but not hesitating to bet" operation often indicates that the underlying liquidity environment is changing.

🌙There is a subtle, ambiguous feeling in the current market:

· Macro outlook oscillates between hawkish and dovish, leaving people confused
· Funds are quietly positioning in MEME tokens and new public chains, such as some small-cap projects recently emerging on Ethereum, which tend to take off when everyone hesitates

🤔So, is this time the "dovish acting, hawks closing in," or "superficial toughness with actual easing"? When the traditional financial script becomes ambiguous, the volatility and opportunities in the crypto market might be slowly fermenting within this fog.