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Has anyone noticed the changes in prediction market data? The probability of a rate cut in December skyrocketed from 22% to 62% overnight, all because of that huge miss in the non-farm payroll data.
But honestly, looking at these numbers, I’m a bit confused—rate cut expectations are so strong, so why is BTC still just moving sideways? Normally, this kind of macro tailwind should get the market pumped. Is everyone just waiting for confirmation? Or has the market already priced it in?
I really don’t get what’s going on with this market. Can anyone explain why the rate cut probability shot up but the coin price barely moved?