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Friends who have been watching the market lately must have noticed that the betting data on Polymarket regarding the Fed's action in December is quite interesting—the probability of a 25 basis point rate cut has soared to 93%, while the odds of holding steady are down to just 8%.
Honestly, if this expectation comes true, it would definitely be a positive signal for liquidity across the entire crypto market. $ETH At this point, do you guys think there's a chance we could ride this wave of macro expectations and push for 3500? Personally, I think if the technicals line up with the fundamentals, it's not out of the question, but the key is whether Bitcoin can stabilize first.
What do you guys think about the impact of this Fed rate cut expectation on the crypto market?