On June 6, the European Central Bank cut interest rates by 25 basis points as expected, reducing the three major interest rates to 4.25%, 3.75%, and 4.50% respectively. This is the first interest rate cut since 2019 and the second central bank to cut interest rates among G7 member countries.

According to Jinshi data, traders maintain the ECB's expectations of a rate cut, and it is expected to cut interest rates by another 40 basis points this year.

The market fell instead, and those who opened long positions were hanging on the top of the mountain again, so they quickly handed over their bloody chips. $NEAR $RNDR