#美联储重启降息步伐 $BTC $ETH Rate cut expectations explode! 93% probability bets on a 25bps cut in December—can Bitcoin hold $93,000?

How crazy have Fed rate cut expectations gotten? The market is now pricing in a 93% chance of a 25 basis point cut in December—it’s basically a done deal. Even a leading investment bank has made a sudden U-turn, publicly predicting a move in December.

As soon as this dovish signal hit, the crypto space got instantly restless.

Bitcoin is currently stuck around $93,000, neither up nor down. Some analysts say: as long as it can break through the $97,000 barrier, market sentiment will completely flip, and there’s even a chance to touch the $100,000 mark as soon as next week. Will it break out? Watch the next few days.

Ethereum is even more interesting. The ETH/BTC exchange rate pattern is now almost identical to the bottom formation before the 2021 bull market, and it’s already broken out of a six-month downtrend channel. If it can hold current support, a surge to $3,700 is within reach.

Institutions are not sitting idle either—they’re acting fast and bold.

The CEO of a major asset management giant publicly admitted to holding Bitcoin and even called BTC a “gold standard.” Japanese listed company Metaplanet went further—using Bitcoin as collateral to raise $50 million, then buying even more BTC, turning its balance sheet into a “Bitcoin ledger.” Industry heavyweight Tom Lee declared that the crypto market could still grow by another 200x in the future.

To put it simply, this current rally is all about the macro rate cut expectations driving the narrative. Bitcoin is ready to move, and Ethereum has even greater explosive potential. Institutions and celebrities going public are also fueling market confidence.

But don’t let the hype cloud your judgment. Whether key price levels can be broken is the real variable that will determine the next direction.