Regarding the sharp interest rate cut, the market and analysts think so:
1. Trump: The Fed's interest rate cut shows that the US "economy is very bad";
2. US Vice President Harris: It is good news for Americans who are under the pressure of high prices;
3. Glassnode: The Bitcoin market is in a stagnant period, and both supply and demand sides show signs of inactivity;
The sharp interest rate cut is more reflected in the crypto market:
According to coingrass data, the entire network has exploded $199 million in the past 24 hours, of which short orders have exploded $123 million.
