Last night, the Federal Reserve cut interest rates by 25 basis points as scheduled. I initially thought that after the rate cut, the market would follow a correction script. Unexpectedly, Trump immediately added fuel to the fire.

This former president openly stated: "This small cut is nowhere near enough, it should be at least doubled." Even more aggressive was the second part—"interest rates should be lowered to the lowest global level." As soon as he finished, market sentiment instantly reversed. Investors who were worried that the "good news" had been exhausted realized that the story of monetary easing could still continue.

The underlying logic is quite clear: if the US truly moves toward the "lowest global interest rates," dollar liquidity will remain abundant. When yields on traditional financial assets are suppressed, funds naturally seek higher returns elsewhere. Cryptocurrencies like Bitcoin, Ethereum, and Solana happen to serve as reservoirs for this capital influx.

More importantly, expectations are shifting. The market is no longer concerned with "what if the rate is cut again," but is now speculating "how much more can it be cut?" This kind of expectation gap often drives the market more than the rate cut itself.

In summary: policy is the catalyst, but expectations are the real fuel. The current combination is indeed not bad news for the crypto market.