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๐Ÿšจ FED CUTS AND BITCOIN DUMPS?!?!?!?! ๐Ÿคท๐Ÿฝโ€โ™‚๏ธ - What the hell is going on..? - Why the FED cut failed..? - Who's controlling this market..? Let's discuss:

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BRITISH HODL โค๏ธโ€๐Ÿ”ฅ๐Ÿ‚โค๏ธโ€๐Ÿ”ฅ

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One of the most ridiculous "theories" about the current risk selloff especially Bitcoin and crypto is that the market is having a tantrum KC Jeff at the Fed won't let the FOMC cut rates in December. Delaying a quarter-point cut to the fed funds rate by a few months is responsible for BTC down by 33%? It's beyond stupid. But in the absence of knowledge and understanding, the mainstream goes full Pavlov, defaulting to the Fed. Fed. Fed. Fed Fed is irrelevant. They're rate cuts react to problems, which is why they're going to be cutting no matter how much Schmid protests (see: every market that matters). What's going on with Bitcoin has almost nothing to do with Bitcoin - it's a risk asset that is being sold because risky investors are now getting very worried about, well, taking risks. That's why Bitcoin is now correlated with junk bond spreads. Flat Beveridge rules, not the Fed.

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