CME Group(US:CME) Sou Hu Cai Jing·2025-09-22 12:54Group 1 - Arthur Hayes, co-founder of BitMEX, suggests that once the U.S. Treasury General Account (TGA) reaches $850 billion, the cryptocurrency market will enter a "only up" mode, as liquidity will be consumed and isolated funds will not flow into the private market [2] - Not all analysts agree with Hayes' prediction regarding liquidity flowing into financial markets once the U.S. Treasury reaches its target [2] - Many cryptocurrency investors expect liquidity levels to rise in the coming months due to the Federal Reserve's inclination towards a rate-cutting cycle, which should boost asset prices until liquidity runs dry [4] Group 2 - The Federal Reserve cut rates by 25 basis points, marking its first rate cut since 2024, which led Bitcoin (BTC) to drop below $115,000, indicating a typical "buy the rumor, sell the news" scenario [4] - Nic Puckrin, founder of Coin Bureau, warns of a short-term pullback, suggesting that the market may have already priced in the Fed's decision to cut rates before the announcement [5] - 91.9% of traders now expect the FOMC to cut rates by up to 50 basis points at the next meeting in October [5][7]