#数字货币市场回升 The market sentiment has changed! The Fed's interest rate cut expectations for December are undergoing a dramatic shift.

According to the latest tracking of CME Federal Funds Rate futures, in just one week, traders' bets on a 25 basis point rate cut in December jumped from 40% to 84.9%. This rapid change in sentiment is quite rare—now only 15.1% believe that rates will remain unchanged.

Interestingly, the expected differentiation for January next year: two-thirds of market participants (66.4%) are inclined to accumulate a rate cut of 25 basis points, but 22.6% of the aggressive faction is betting on a direct cut of 50 basis points, while 11.1% of the conservative faction believes the status quo will be maintained.

The expected sharp fluctuations may trigger a chain reaction in risk assets, especially in the cryptocurrency market. The warming expectation of interest rate cuts often signals improved liquidity, which is also one of the macro backgrounds worth noting in the recent trends of $BTC and $ETH .