The whole market is watching that rate cut in December.

There’s a 92% probability consensus, a record high. But with BTC at 91,000, how many people don’t dare to make a move? If you enter now, you’re afraid of a dump before the rate cut; if you exit now, you’re afraid it’ll take off after the cut.

In November, ETF net outflows reached $3.5 billion, the second highest monthly redemption in history. Remember that flash crash at the start of December? $4,000 wiped out in just two hours, and over $400 million in long positions liquidated in one go. The fear index soared into extreme fear territory.

To be honest, this isn’t about waiting for the positive news to materialize—this is clearly about seeing who can’t hold on and gets liquidated first.