【Bitfinex Alpha: The Fed is expected to cut interest rates by 25 basis points, and BTC faces volatility risks】 Golden Finance reported that according to the Bitfinex Alpha report, the Fed is expected to cut interest rates by 25 basis points, and BTC faces volatility risks. In the past week, BTC ETFs recorded a net inflow of $403.9 million, reversing long-term outflows, indicating that investors have renewed confidence in the asset. The rebound was mainly driven by active buying in the spot market. In contrast, the volatility in the futures and perpetual contract markets was less obvious, indicating that the current price increase is based on real capital inflows rather than speculative leverage, providing a more sustainable basis for the rebound. However, BTC now faces a key resistance level between $60,500 and $61,000, which has been crucial since early March. Although ETF inflows remain strong, there are signs that there may be a stagnation as the spot CVD (the difference between exchange buy and sell orders) flattens over the weekend. Analysts believe that the possibility of market volatility this week is quite high, driven by investors' expectations of the Fed's rate cut decision. Whether the rate cut is 25 or 50 basis points, it is likely to swing between bullish optimism and cautious risk-taking. Meanwhile, Bitcoin's correlation with stocks is increasing, suggesting that moves in traditional financial markets could have an increasing impact on Bitcoin's price. Bitcoin has also decoupled from gold, which hit a record high last week, suggesting that investor preference is shifting toward traditional safe-haven assets in a risk-off environment.