I guess a lot of you are wondering, why are cryptocurrencies, including BTC, dropping when this is clearly good news? I can’t give a definite answer. While the rate cut was expected by the market, stopping quantitative tightening is indeed positive news. The U.S. stock market is holding up stronger, and the only reason I can think of is that U.S. stocks, especially Google and NVIDIA, are absorbing market liquidity. I can’t say for sure that this is the case, but I do see a lot of funds flowing into U.S. stocks and the AI sector. Still, I believe Bitcoin and tech stocks are highly correlated. During this kind of phase where the market is trending upward, some speculative stocks might get more attention, but as long as the overall trend is up, BTC won’t perform too badly. Of course, this is just my personal opinion, and I might not be right. This post is sponsored by Bitget ｜ @Bitget_zh