#数字资产生态回暖 Yesterday, the Federal Reserve cut interest rates by 25 basis points, but Bitcoin instead plunged. What's going on? Many people are confused.

Actually, this is the classic script in the market: first hype expectations, then sell the facts. The rate cut was already fully priced in, and once the news was out, it became a signal for capital to flee.

The real blow comes later. The dot plot shows only one more rate cut possible by 2026 — just think about what this means. The market had been dreaming of "continual liquidity," but that suddenly shattered. For assets that rely on a loose environment, it’s like a bucket of cold water.

Even more upsetting. There are three Federal Reserve officials who oppose the rate cut. Such dissent is rare. What does this imply? Inflationary pressures have not fully subsided. For liquidity-dependent assets like crypto, the risk of future tightening is always present.

In short, the market’s biggest fear isn’t "bad news that's already confirmed," but "good news that’s not as good as expected." This rate cut fulfilled short-term promises but also closed off imagination. Investors eagerly await a "liquidity feast," but all they get is half a bowl of soup.

Ultimately, real trading opportunities hide in the "expectation gap." This round of market fluctuations repeatedly remind us of one thing: market sentiment behind the data is often more valuable than the headlines.