[Opinion: Fed Rate Cut Not Enough to Trigger Bitcoin Christmas Rally] Coin Bureau co-founder Nic Puckrin stated that the Federal Reserve's decision to cut rates only once next year introduces new uncertainty to risk assets, which is insufficient to trigger a Bitcoin Christmas rally. BRN Research Director Timothy Misir pointed out that institutional investor demand remains strong, with smart money wallets holding 10 to 10,000 Bitcoins having accumulated approximately 42,565 Bitcoins since December 1. However, retail investors' continued selling is still suppressing the upward momentum.