🚨 NOW: Crypto market bleeds despite Fed rate cuts and US-China trade deal progress.
Jerome Powell's divided FOMC and the end of QT may be creating a liquidity gap. What's really keeping prices down?
• The Federal Reserve (Fed) recently cut its benchmark rate by 25 basis points to the 3.75%–4.00% range. 
• At the same time, the Fed signalled the end of its quantitative tightening (QT) programme — meaning it will stop shrinking its balance sheet (or at least slow it significantly) starting December 1. 
• However — here’s the tricky part for crypto: there appears to be a “liquidity gap” — a period where the reduction in stimulus (QT winding down) meets a delayed start of fresh liquidity injections (through quantitative easing, QE, or other supportive policy). That gap can constrain risk-asset flows, including into crypto. 
• Additionally, the Fed’s messaging was mixed and somewhat cautious. For instance, during the Federal Open Market Committee (FOMC) meeting, Chair Jerome Powell noted that a December rate cut “is far from a foregone conclusion.” The FOMC also had “strongly differing views” on timing and path. 
• On the liquidity side, macro-markets are already showing signs of strain: some repo rates are firming, banks are tapping short-term funding tools more, and the Fed’s balance-sheet drawdown is creating tighter conditions.
#FOMCMeeting #MarketPullback #FranceBTCReserveBill #AltcoinETFsLaunch #CPIWatch
