The market focus this month? Without a doubt, it's the looming rate cut by the Federal Reserve. There are only three days left until the policy announcement in the early hours of December 11, and the two rate cuts that have already taken place this year have taught BTC holders two profound lessons.

Looking back at the data: after the first rate cut on September 17, the price of BTC dropped from $117,900 all the way down to $108,600—a 7.8% decline that was relatively mild; but the second cut on October 29 was much harsher—plummeting directly from $113,600 to below $80,600, a brutal 28.6% drop that caught many off guard.

This time, a rate cut is almost a certainty, but history speaks for itself. For those still holding long positions, it might be time to reassess the risks—a priced-in positive often comes with selling pressure when it materializes, especially with expectations like these that the market has already priced in.