Yesterday, U.S. stocks plummeted, with the Nasdaq losing more than 10 points in two days, but the cryptocurrency market remained exceptionally strong.

Firstly, hedge funds are liquidating their Bitcoin short positions to cover margin calls on U.S. stocks.

Secondly, the Federal Reserve is really close to cutting interest rates. Right now, whether in the stock market or the crypto market, it's a bargain hunting situation, with many cryptocurrencies having already dropped by 90%.

Interest rate futures indicate that the Federal Reserve may cut rates by 100 basis points by the end of the year.

When everyone is very pessimistic, maybe a bull market is about to quietly emerge.