Tonight at 2 a.m., the Federal Reserve's interest rate cut will officially take effect. The 25 basis points have already been digested by the market, and the real focus is—where will the funds flow after the cut?

Over the past year, high interest rates have locked up liquidity tightly. Once the interest rate spread loosens, the first to become active are not the stock market, but the funds themselves. Funds always prefer markets with high fluctuation and high elasticity.
Gold has recently been unable to withstand the pressure, indicating that the safe-haven positions are loosening. One week after the rate cut last month, $BTC surged directly, and the direction of funds has been set: money is flowing into the encryption market.