QCP analysis pointed out that the hawkish Federal Open Market Committee (FOMC) meeting of the Federal Reserve triggered a sharp sell-off in all risky assets. The Nasdaq index plummeted 3.56%, the S&P 500 fell 2.95%, and Bitcoin (BTC) fell 6.13%. Although the Fed's 25 basis point rate cut was in line with expectations, the reason for the market panic was the downward revision of the dot plot. Due to continued inflation, the Fed now expects only 2 rate cuts in 2025, while the market had previously generally expected 3 rate cuts. Since the US election, risky assets have shown a unilateral strong trend, making the market extremely vulnerable to any shocks.