#数字货币市场回升 Fed will cut interest rates by the end of the year, can there still be any suspense about this?

The latest CME betting data is out: the probability of a 25 basis point cut in December has skyrocketed to 87.4%, with the possibility of no change remaining at a mere 12.6%. Looking further ahead, the odds for a cumulative cut of 50 basis points by January next year are also set at 23.2%.

This kind of certainty should have been purely positive for the cryptocurrency market - the expectation of liquidity easing is clear. But the problem is: on one hand, there are expectations of interest rate cuts supporting the market, while on the other hand, on-chain data shows that whales are still crazily transferring coins to exchanges, indicating clear selling pressure.

The next period is expected to be quite fragmented: the market may pull up early with positive news, or it may continue to grind down under the pressure of selling sentiment. Can the key price level be maintained before the meeting? The answer to this question may be more worth watching than the rate cut itself.