Interest rates have been cut, but the currency has plummeted.
The market has plummeted, and the digital assets held have significantly shrunk.
However, my cash reserves are basically complete, so I won't lack money to spend in life. Therefore, I am not worried at all.
The interest rate decision at dawn was a cut of 25 basis points. But the market plummeted. Normally, after a rate cut, the market goes up, but suddenly it just dropped. The liquidation line for long positions in contracts is most concentrated in the $98,000 to $104,000 range.
The price of Bitcoin has directly reached $98,500. The market is so elusive; predicting market trends and betting on coin prices is indeed something no one can do.
When the market is good, many people share what price they bought at and how much they earned. But all of this has no real significance for your future class changes. Essentially, it's just a form of self-psychological satisfaction. Unless you convert your earnings into Bitcoin. After completing one cycle, you can basically understand the meaningless logic behind it.
After such a big drop, the obvious information from the market is that four interest rate cuts were originally expected in 2025, but now it's anticipated to be just two cuts next year. The Federal Reserve Chairman said: We are not allowed to have Bitcoin, nor do we want to change the law.
This is crazy. It really is a performance. But you have to understand that market policy is not decided by them. They also have to look at data; words can be said casually, but policies cannot be made casually. Policies are determined by data. How interest rates will change next year still depends on various data.
He doesn't have to say this, so why does he? He said this. Bitcoin is still that Bitcoin, and the market is still that market. Nothing has changed. But the market is full of blood and storms. It's actually because it has risen too much. It needs to drop a little to eliminate leverage. When Bitcoin rises by 10%, how much do they earn? The money from contracts is the money that traders like.
Contracts can be leveraged, and many people are playing contracts. Altcoins have already gotten numb; Doge, Pepe, and Uni have dropped by 10%-17%. The inscription Ordi has already reached $27; during the Binance delisting, it dropped to $34.
This indicates that large funds are fleeing. Whether it's a temporary washout or a permanent escape, who knows? But there is a cognitive gap at this time. Whether to dare to buy depends on your own cognitive judgment. Therefore, making money in altcoins is extremely difficult; it takes a few months to build momentum to earn 50%.
It can bring you back half overnight. Without a good heart, it's really hard to bear. But I want to say, this is just the beginning.
Bitcoin needs to reach $150,000, ETH needs to reach $8,000, Doge needs to reach $1, and Pepe needs to go up five times. This rising process will wash countless people out.
Apart from allocation and waiting, we can't really do anything. Moreover, the fluctuations will become larger.
Ultimately, the market will filter out those who truly deserve this wealth.