The Federal Reserve cuts interest rates by 50bps. How will | lookonchain på Binance Square

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The Federal Reserve cuts interest rates by 50bps.
How will this affect the price of $BTC?
Let’s take a look at the impact of the Federal Reserve's interest rate cuts and hikes on the price of BTC over the past 10 years.👇

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A whale bought 2,117.7 $ETH($5.17M) after the $ETH price rose and went long on $ETH through circular borrowing again! He was also liquidated for 6,078 $ETH($14.7M) when the price plummeted on Aug 5! In the past 6 months, he lost $13M by going long on $ETH! He went long on $ETH 5 times, losing 4 times, resulting in a win rate of only 20%! Address: 0x444624b9777e41e648c4019cc86cf0b6738f39bf

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