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What matters now isn’t the rate cut — it’s the reaction function.
Markets have fully priced a 25bp cut this week, but the next move hinges on three things:
• Powell’s tone (hawkish cut risk rising)
• The 2026 dot plot
• Whether liquidity tools like RMP enter the discussion
10Y yields pushing above 4.16% show the market is already bracing for tighter guidance.
Meanwhile, crypto’s structure is shifting quietly:
• RWA gets regulatory greenlights (CFTC collateral pilot, SEC closes Ondo case)
• BTC/ETH vol at cycle lows
• Flows preparing for a macro inflection rather than a narrative chase
The next 48 hours will define risk appetite into year-end.
SoSoValue will track the macro → crypto transmission in real time. #sosovalue #Macro
Start your crypto story with the @Binance Year in Review and share your highlights! #2025withBinance.
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