#美联储降息政策 The Fed's rate cut isn't as enjoyable as expected. Nick Parker is right—this can't trigger a Christmas rally for Bitcoin🎄 Instead, it has dropped an uncertain bomb on risk assets, with institutions疯狂吸筹 (crazy accumulation) (adding 42k BTC since December), while retail investors are desperately selling off. This situation is unbelievable😅

The most heartbreaking part is that there will only be one rate cut next year, and no moves until Q2 2026? What does this mean—waiting nearly two more years for a clear easing expectation. The short-term FOMO story can't be sustained anymore. Those hoping for a "Christmas rebound" can just wash and sleep💤

Institutional funds are continuously flowing in, but retail selling pressure is still suppressing the rally. The question is: before macro conditions clear up, how long can ETF buying power last? It all depends on whose money lasts longer.

Still thinking of telling stories with rate cuts to hype up altcoins? The timing is all wrong. Waiting out this uncertain period is the real opportunity to get on board🚀