This year's interest rate cut is really too similar to last year's interest rate cut scenario. Let's review last year's interest rate cut script and then compare it to this year's cut. Last year's FOMC meeting was at 2 AM on September 19 (Beijing time), with a 50bp cut. Five days before the cut, there were three consecutive days of decline: September 14 BTC -0.83% September 15 BTC -1.44% September 16 BTC -1.55% September 17 BTC +3.61% September 18 BTC +2.4% September 19 BTC +1.92% Two days before the cut, it started to rebound. At 2 AM on September 19, BTC and ETH had a spike, with a fluctuation of only about 2.7%. BTC rose from 58k to 107k, continuing to rise until mid-December. This time, the FOMC meeting is at 2 AM on September 18 Beijing time, with expectations of 2 to 3 rate cuts this year. Similarly, it started to decline five days before the cut, already having three consecutive days of decline... So far, the plot is still very similar; it remains to be seen whether it...
Show original13.07K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.