In 2025, the Federal Reserve has already cut rates twice. After the first cut on September 17, Bitcoin fell from 117900 to 108620, a drop of 7.8%. After the second cut on October 29, it plunged from 113640 to 80600, a decline of 28.6%.

Now the market is focused on the Fed's rate decision in the early hours of December 11. CME FedWatch data shows a nearly 90% probability of a rate cut, and most major investment banks also expect a 25 basis point cut. However, the previous two rate cuts did not lead to a bullish trend for Bitcoin; instead, prices continued to fall sharply, which shows that the liquidity easing brought by rate cuts has not offset market concerns about inflation and the economic outlook.

There are still significant internal divisions within the Fed ahead of this rate cut. The doves are worried about a deteriorating labor market, while the hawks fear inflation is not under control. Additionally, the market may have already priced in expectations of a rate cut, and there is even a risk of a "hawkish rate cut." Therefore, for BTC, the market is likely to remain unstable around this decision, so everyone should stay alert and operate cautiously!