Bitunix Analyst: The Federal Reserve Cuts Interest Rates by 25 Basis Points as Expected, Internal Disagreements Trigger Market Volatility

BlockBeats News, on October 30, 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 1. The decision saw two dissenting votes: one advocated for a 50 basis point cut, while the other supported maintaining the current rate, indicating a significant rise in internal disagreements. After the meeting, Powell struck a cautious tone, emphasizing that a rate cut in December is "far from certain" and admitted that the lack of data increases decision-making risks. As a result, U.S. stocks plunged from their highs, both the U.S. dollar and Treasury yields rose, and gold fell by more than $40.

From a macro perspective, the end of the Federal Reserve's balance sheet reduction signals a turning point in liquidity, but the uncertainty of policy outlook has increased, leading the market to reprice the pace of rate cuts. Risk assets are under short-term pressure, and volatility has significantly increased.

Bitunix analysts pointed out that the BTC liquidation map shows support in the $109,600–$108,000 range; if this level is breached, it may trigger a chain liquidation. The resistance levels are at $112,300 and $116,000. Against the backdrop of liquidity reallocation and a strengthening U.S. dollar, the crypto market may enter a period of consolidation and adjustment. In the short term, caution is needed regarding safe-haven capital flows triggered by macro policy uncertainty, as the market enters a new stage of "structural repricing."