#美联储恢复降息进程 Are traders going crazy? Polymarket's latest data exploded - the probability of a 25 basis point rate cut by the Fed in December surged to 90%! But strangely, $BTC plummeted 8% this morning, directly breaking through the $84,000 mark. Isn't a rate cut favourable information? This script doesn't add up.

The market is tearing apart. Musk has jumped out again to endorse Bitcoin, saying it is "energy-based currency" and that hard currency cannot be printed. But analyst Willy Woo poured cold water on this directly: don't dream, his model shows that capital inflow is slowing down, and $BTC may have already hit the ceiling. $ETH $ZEC is also suffering, with bulls and bears arguing in a messy way.

The more explosive news is yet to come—Trump has basically finalized his new candidate for the Fed chair. Reports indicate that he wants to have economic advisor Kevin Hassett take over Powell in May next year. This guy has been following Trump around this year, criticizing the Fed for "lowering interest rates too slowly"; if he really gets into the position, won’t he just chop the rates like twisted dough? The central bank is about to undergo a major change.

Institutions are also restless. Grayscale has come out questioning the "four-year cycle" theory as outdated, stating that this bull market is driven by ETP institutional funds, and that the current pullback is quite normal, with new highs possible next year. Two executives from BlackRock have a broader perspective, directly discussing "tokenization of everything"—in the future, all assets can be stored in digital wallets, with a speed comparable to the explosion of the internet back in the day.

So what's the situation now? The expectation of interest rate cuts is at an all-time high, yet the price of cryptocurrencies has collapsed in advance. The big shots are arguing fiercely, and Trump is preparing to give the Fed a change of mind, while institutions debate the cycle and sketch out the next station.

What do you think of this move? Will Bitcoin rebound if interest rates are really cut? Or is Willy Woo right that it has already peaked? Share your judgment in the comments.