The latest Reuters survey results are quite interesting. Out of 100 economists, 89 are betting that the Federal Reserve will cut interest rates by 25 basis points this month, bringing the target range to 3.50%-3.75%.

What about further expectations? 50 experts believe that there might be another cut in the first quarter of next year, lowering the rate to the 3.25%-3.50% range.

What does this mean for the crypto market? Rate cuts usually signal a more accommodative liquidity environment. Historically, every time the Fed shifts to an easing cycle, risk assets often see a new window of opportunity. Of course, the market has already been pricing in these expectations, so the actual trend may depend on whether the real data "exceeds expectations."