The probability of a rate cut has already soared to 90%, but have you noticed a strange phenomenon?

Gold has already started to rise, but Bitcoin and Ethereum seem to be playing dead. What exactly is the market waiting for? The answer might lie in tonight’s PCE data.

The logic isn’t actually complicated: if a rate cut happens, liquidity will clearly improve, and the crypto market will most likely benefit. But here’s the issue—if the inflation data comes in way above expectations, there could be an immediate reversal in the short term.

The current position is pretty delicate. The bottom-fishing crowd thinks this is their chance, while the wait-and-see crowd is still holding out for a clearer signal. To be honest, no one can be 100% sure at a time like this.

But one thing’s for sure—after tonight’s data comes out, the market won’t stay this quiet. Do you think Ethereum will move first, or will it be Bitcoin? Or, are you choosing to get in now or continue waiting?