BlockBeats news, on December 13, Bitfinex derivatives director Jag Kooner stated that the shift in monetary policy by major central banks will boost global liquidity, benefiting the cryptocurrency market. The European Central Bank announced its fourth interest rate cut this year, lowering the deposit rate by 25 basis points to 3%; after the People's Bank of China cut rates for the first time in 14 years, Goldman Sachs and Morgan Stanley expect a further cut of 40 basis points in 2025, the largest annual drop since 2015; regarding the Federal Reserve, the CME FedWatch tool shows a probability of over 96% for a 25 basis point cut in the FOMC meeting on December 18.

Kooner added that after a recent cleaning of $1.7 billion in liquidations, the market's leverage has significantly decreased. Coupled with the year-end 'Christmas rally' effect, Bitcoin is expected to start a new round of increase. (The Block)