I find it strange that Bitcoin has pulled back. Why is it falling? The Fed's 25 basis point cut is good news for real money. It's not all good news, but bad news.

Why? Because the Fed's 25 basis point cut will reduce the interest rate on bank reserves, and banks may lend to the market. The yield on US Treasury bonds should also be lowered in the long run, and the yield on US reverse repurchases will also fall.

What's more, other central banks will be forced to follow suit and cut interest rates. So why is the market trend going in the right direction after all this happened? Of course, everyone can think that this is Price in, but is it possible that it is a phenomenon of the main force operating against the market?

Bitcoin has pulled back more than 11% from its historical high, and analysts say it is a short-term adjustment

https://chainalert.me/view/research/d20463