Wintermute: The expectation of this rate cut has been gradually digested by the market, and BTC is unlikely to fluctuate violently

According to crypto market maker Wintermute, Bitcoin traders are referring to six similar rate cuts since 2019 to predict market reactions, given that the Federal Reserve may announce a 25 basis point rate cut tomorrow. Historical data show that unexpected dovish turn often triggers big volatility in Bitcoin in fragile markets. However, compared with the past, the expectation of this interest rate cut has been gradually digested by the market, and the current macro environment is stable. Bitcoin has performed smoothly recently, up only 2.6% in 14 days, and there is no sign of fanaticism in market sentiment. Analysis pointed out that this rate cut may bring about a moderate increase driven by liquidity rather than a sharp fluctuation.