The decision to cut interest rates by 50 basis points has finally been implemented, despite previous market disagreements.
When we cannot determine the final result, the on-chain data provides us with some valuable information - it seems that no matter what the result is, the market's chips have begun to become more rational and optimistic, and financial pressure and panic are gradually being released.
Before macro events occur, there are often people who make predictions in advance and may even know some "inside information". The behavior patterns of these people will be reflected in the data.
The purpose of our observation of data is to capture these subtle changes.
Therefore, do not easily deny an objectively existing phenomenon.
The key is not whether it is useful, but how you use it.
