The market popularity in 2024 will be significantly lower than that in 2021, 2022 and 2023, which can be seen from the activity on the chain. Gas charges are at an all-time low, reflecting declining market participation.

**2021** Although the market has turned from a bull market to a bear market, the market activity is still very high, and various projects have attracted a large number of participants.

**2022**, although the market has reached a bottom, everyone still has hope. The Web3 concept has led to a wave of craze, and both short-term arbitrage and long-term investment can achieve good returns.

**2023**, first the Arbitrum airdrop, and then meme coins such as Pepe and Aidoge promoted the airdrop boom. Various new projects emerge one after another, market participants surge, and many well-known projects have attracted millions of addresses to participate.

However, **2024** is a year of highs and lows. The launch of the Bitcoin ETF and the halving effect brought about a surge that saw Bitcoin reach new all-time highs. However, altcoins failed to follow suit and the market popularity gradually declined. On-chain activity data shows that the secondary market has stagnated, prices are trading sideways or falling, and the overall market sentiment is cold.

**September's financial market** ushered in a compelling game. Whether it’s the crypto market, the stock market, or major banks, everyone is anxiously waiting for the Federal Reserve’s decision: Will it cut interest rates? This decision will not only affect the direction of the U.S. economy, but may also change the global economic landscape.

If the Fed chooses to cut interest rates, it means that the United States has made a compromise in the global economic game. In the past two years, the United States has maintained a high interest rate policy in order to control domestic inflation while attracting global funds to further consolidate its financial hegemony. However, an interest rate cut may indicate that this strategy has failed, and the United States will no longer be able to attract global capital through high interest rates. This may also declare that the United States' "global harvest" plan over the past two years has been completely shattered.

For ordinary investors, the best strategy at this stage may be "wait and see". Regardless of the outcome, global financial markets are likely to experience an unprecedented storm in the coming months.

**Bitcoin selling pressure risk**

If the rate cut is driven by signs of a recession, market pessimism about future economic prospects could intensify. In this case, investors may be more inclined to choose traditional safe-haven assets such as gold instead of Bitcoin. Although Bitcoin is considered "digital gold," its demand may decline during a recession. In addition, regulatory policy uncertainty and potential black swan events may also have a negative impact on the Bitcoin market and intensify selling pressure.

With the launch of spot ETFs, the impact of U.S. dollar liquidity on the crypto market will be even more significant. However, the impact of the Fed’s interest rate cuts on Bitcoin prices is complex and variable. The market may react early or late and is affected by a variety of factors. In the event of an economic recession, regulatory policy uncertainty, or a reversal of market sentiment, Bitcoin may face a certain risk of selling pressure.

Therefore, investors should pay close attention to various market dynamics, comprehensively consider multiple factors, and make rational investment decisions. #Telegram创始人获保释 #英伟达财报 #美联储何时降息？ #OpenSea收到韦尔斯通知 $BTC