#美联储降息 Early in the morning, everyone watching the market was confused — the Federal Reserve cut interest rates by 25 basis points, but Bitcoin immediately plummeted. What's going on?

On the surface, it's good news, but in reality, it's a big trap. There are three reasons:

**The market has already priced in this move**

News about the rate cut had been circulating for half a month, and smart money had already pre-positioned. When it was officially announced, it was just "taking profits." Pre-emptive positioning and public announcement causing a sell-off is standard game theory.

**The real blow is the expectations for 2026**

The latest Federal Reserve meeting minutes revealed a signal: only one rate cut next year.

What does that mean? The market had been expecting a series of easing, but that expectation was cut off. Many thought monetary policy would become increasingly loose, but now hearing that only one cut might happen next year caused a panic. Some people even left before the details were announced.

**Internal opposition has emerged**

There were 3 votes against the rate cut, indicating that the Federal Reserve members are still concerned about inflation rebound. As long as someone shouts "Too much liquidity is dangerous," the market will worry that future funding conditions might not be so easy.

Ultimately, Bitcoin's decline isn't because rate cuts are problematic per se, but because "the future isn't as rosy as imagined." The market's biggest fear isn't bad news, but the collapse of expectations. This time, the Fed seemed to send a positive signal, but at the same time, it crushed investors' hopes for next year. Seeing the price drop first is very normal.