The Federal Reserve has been making quite a fuss lately. Internal disputes over interest rate cuts are the most intense in nearly six years.

How much to cut and when—officials are completely at odds. One group advocates for a total cut of over 100 basis points this year, believing that the current 3.5%-3.75% rate is suppressing economic growth; another group refuses to loosen their stance, insisting on a maximum of 25 basis points per cut, maintaining a firm defensive line. There is almost no room for negotiation between the two sides.

This is not an ideological debate; frankly, it’s a struggle over real interests.

The proponent of significant rate cuts has presented data: consumer growth is slowing down, manufacturing is wavering near the recession threshold. More painfully, the US’s $38 trillion debt means that just interest payments alone amount to $1.3 trillion annually. Doing the math—if they cut rates by 100 basis points at once, they could save $400 billion, which would help ease fiscal difficulties and give the economy and midterm elections some breathing room.

But those advocating caution also have reasons to worry: will inflation make a comeback? Will the costs of previous tightening policies be all for nothing? Looking at the voting, three out of twelve committee members have already voted against. Such a split is itself an unusual signal.

On the crypto market side, the signs have long been detected.

BTC has been oscillating around the $90,000 mark, with market sentiment swinging between anticipation and hesitation. History shows that each rate cut cycle often acts as a catalyst for increased liquidity in crypto assets.