On the eve of the Federal Reserve's interest rate cut on $BTC , the cryptocurrency market is surging with hidden currents. Historical data shows that after the interest rate cut in 2020, BTC plummeted by 28%, while in May this year, BTC soared by 20% and the total liquidation across the network exceeded 500 million USD. Major funds have already positioned themselves in advance, using the expectation of interest rate cuts to push prices up before shorting. The uniqueness of the cryptocurrency market lies in the leverage liquidation traps, token unlocking situations, and liquidity siphoning effects. Currently, the number of outstanding futures contracts has reached a yearly peak, posing extremely high risks.

On-chain data reveals the truth: large whales have increased their holdings by 120,000 BTC, but the stock on exchanges has increased by 17%, and the USDT premium rate has fallen below -1.5%, indicating capital outflow.