The Federal Reserve delivered its third straight 25 bps rate cut on December 10, confirming the easing path most traders had been waiting for.
However, while the decision briefly lifted crypto markets, the mood around Ethereum (ETH) on social media swung from euphoria to frustration within hours as prices reversed sharply.
The reversal highlights how quickly retail enthusiasm can turn, especially during macro-driven rallies that often fade once the announcement actually lands.
Fed’s Move Lands as Traders Split Between Optimism and Panic
Ahead of Jerome Powell’s announcement, Polymarket bettors had leaned almost unanimously toward a December cut, reflecting the same confidence seen going into the October meeting. That optimism showed up on crypto X as well, one of the busiest days of Fed-related chatter in months, according to an analysis by sentiment tracker Santiment.
But the build-up wasn’t entirely calm. Roughly an hour before Powell spoke, a whale was spotted offloading aroun
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