ChainCatcher Message, QCP Capital's latest analysis indicates that the Federal Reserve's hawkish FOMC meeting has triggered a comprehensive sell-off of risk assets, with the Nasdaq plummeting 3.56%, the S&P 500 down 2.95%, and Bitcoin dropping by 6.13%. Although the market anticipates a 25 basis point rate cut from the Federal Reserve, the downward adjustment in the dot plot has caused panic. Due to persistent inflation, the Federal Reserve is expected to cut rates only twice in 2025, which is below the market's general expectation of three times.

QCP Capital believes that while it is easy to attribute this round of selling to the Federal Reserve's hawkish stance, the fundamental reason for the market crash actually lies in the previously overly optimistic market sentiment. Since the U.S. elections, risk assets have experienced a one-sided upward trend, making the market extremely sensitive to any negative news.