The Federal Reserve cuts interest rates by 25 basis points, but on the same night, the crypto market experienced a liquidation of 300 million USD and 110,000 people were out. Many are confused: it’s obviously good news, why did prices still fall? Actually, the data already clearly provides the answer. There are three overlooked truths. 01｜Unusual disagreements inside The decision received three opposition votes, a rare occurrence in many years. • Some wanted a direct 50 basis point cut • Some insisted on no cut •