BlockBeats News, October 30th, the Federal Reserve announced a 25 basis point rate cut to 3.75%-4.00% and will end its balance sheet reduction plan on December 1st. The decision saw two opposing votes, one advocating for a 50 basis point cut and another supporting no change, highlighting significant internal dissent. Powell struck a cautious tone after the meeting, emphasizing that a December rate cut is “by no means a done deal” and acknowledging that data gaps have increased decision-making risks. As a result, US stocks plummeted from their highs, while the US dollar and bond yields both rose, and gold dropped over $40.
From a macro perspective, the Fed’s balance sheet reduction signifies a liquidity turning point, but increased policy uncertainty has led the market to reprice the rate cut pace. Risk assets are under short-term pressure, with significant volatility expansion.
Bitunix analysts pointed out that the BTC liquidation map shows support in the range of $109,600–$108,000 below, with a risk of triggering a cascade liquidation if breached; resistance is located between $112,300 and $116,000 above. Amid liquidity reallocation and a strengthening dollar backdrop, the crypto market may enter a period of consolidation and volatility. In the short term, caution is needed against risk-off fund flows driven by macro policy uncertainty, as the market transitions to a new phase of “structural repricing.”
