[Bitunix Analyst: Fed Cuts Rates by 25 Basis Points as Expected, Internal Divisions Intensify Market Volatility] BlockBeats News, 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, with one advocating for a 50 basis point cut and the other supporting no change, highlighting a significant rise in internal divisions. Powell struck a cautious tone in the post-meeting remarks, emphasizing that a December rate cut is 'far from certain' and admitting that the lack of data increases decision-making risks. As a result, U.S. stocks plunged from their highs, the dollar and U.S. Treasury yields both rose, and gold dropped by over $40. From a macro perspective, the Fed ending its balance sheet reduction signals a turning point in liquidity, but the uncertainty surrounding policy outlook has increased, prompting the market to reprice the pace of rate cuts. Risk assets are under short-term pressure, with volatility significantly amplified. Bitunix analysts pointed out that the BTC liquidation map shows support in the $109,600–$108,000 range, and a breach could trigger cascading liquidations; resistance lies in the $112,300 and $116,000 range. Against the backdrop of liquidity reallocation and a stronger dollar, the crypto market may enter a period of consolidation and volatility. In the short term, caution is advised regarding safe-haven capital flows triggered by macro policy uncertainties, as the market enters a new phase of 'structural repricing.'