2025-12-11 13:31:08

#以太坊行情技术解读 The Federal Reserve's 25 basis point rate cut has left the crypto market表现疲软——为什么Bitcoin and Ethereum "冲高就跳水"?

$BTC $ETH $BNB

**The Truth Behind the Price Volatility**

Once the rate cut news was announced, the market indeed moved up first and then down. Bitcoin rapidly surged from around $92,000 to $94,500, and Ethereum also soared to $3,440 at one point. But the good times didn't last long—soon Bitcoin plunged back to $92,000, and Ethereum retreated to $3,320. The whole process was like a roller coaster: first excited, then a sharp decline.

**Why do positive news lead to sell-offs?**

Basically, this is a typical case of "buy the rumor, sell the fact." Before the rate cut was officially announced, the market was already speculating on it. Many traders positioned themselves in advance, and once the news was confirmed, they rushed to exit. When supply increases, prices can't hold and naturally fall.

But this is only the surface. The real blow to market confidence came from Federal Reserve Chair Jerome Powell's remarks at the press conference—he emphasized that the economic fundamentals haven't changed much and hinted that future rate cuts depend on data. Investors interpreted this as a hawkish signal. Yes, that's right—now even the US government is complaining that the rate cut "was too small." This uncertainty makes the market uneasy: is a rate cut a sign of a strong economy, or is it a safety net for potential risks? With no clear answer, the market tends to stay on the sidelines.

**Another overlooked killer: Quantitative Tightening**

While the Fed is cutting rates, it is also continuing quantitative tightening (QT)—shrinking its balance sheet and draining liquidity from the market. These two policies are completely opposite: one is releasing liquidity, the other is absorbing it, effectively offsetting each other. The market expected increased liquidity, but it didn't happen. How can investors not be disappointed?

Crypto markets are especially sensitive to liquidity. When monetary policy is ambiguous, traders tend to become cautious. In the short term, the market may continue to sway amid this uncertainty.

ETH5,8%

BTC3,3%

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TopEscapeArtist

· 2025-12-13 21:31

Once again, buying the expectation and selling the fact. This time, QT delivered a hidden punch, and instead of increasing liquidity, it continued to shrink. No wonder the MACD golden cross hasn't completed yet and has started to form a death cross.

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OneBlockAtATime

· 2025-12-11 14:01

Buy the rumor, sell the fact. This routine has been played out in the crypto circle. --- Powell's words are the real culprit. The small rate cut still depends on the data. Isn't that hawkish? --- QT continues to drain liquidity. Rate cuts are useless; the left hand and right hand are fighting each other. --- It's another roller coaster ride. I'm really tired of it. --- Liquidity exhaustion is the real killer. Crypto is too sensitive to this. --- Uncertainty is the scariest. The market's wait-and-see attitude is just waiting to die. --- The rate cut actually caused a drop, classic case.

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MoodFollowsPrice

· 2025-12-11 14:00

Buy the rumor, sell the fact. This trick has been used for so many years, I can only say haha. Lowering interest rates can't save it either; ultimately, there's just no liquidity. Powell's move caught the market completely off guard. Both smashing and pulling, Fed's move is truly brilliant. Once the expectations are priced in, no one is left to take the bait—old trick. A sudden turn and a crash, more exciting than a roller coaster. Liquidity didn't increase; instead, blood was drawn, no wonder the market dropped. An hawkish signal appears, and the bulls immediately collapse. The small rate cut is indeed awkward; market reaction is the most genuine.

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AirdropHunterXiao

· 2025-12-11 13:56

Buy the anticipation, sell the fact. This trick has been played out haha Damn it, cutting interest rates actually causes a sell-off, Powell is really a destroyer this time Quantitative tightening sucks blood on one side, rate cuts become just a show, I just smile How long can the 92,000 support hold? Feels like it will keep testing the bottom This is what you call policy conflict, retail investors just have to take the beating

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UnluckyLemur

· 2025-12-11 13:53

Buy the expectation, sell the fact. I'm really tired of this套路.

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MetaMaskVictim

· 2025-12-11 13:37

Buy the rumor, sell the fact. This routine is so overplayed yet still being repeated, really incredible. Indeed, right after the rate cut, the market first surged then crashed, and the retail investors got caught again. Powell's words hit right in the heart, hinting that it's not that simple. Quantitative tightening paired with rate cuts? One hand loosening, the other tightening—how can the market not be confused? Where is the promised liquidity? Turns out it's all just a facade. I've made it clear, I just don't understand. Riding a roller coaster isn't this thrilling; the drop was so sudden and unexpected. Uncertainty is more deadly than a crash; no one dares to take the risk.

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