[BiyaPay Analyst: Bitcoin Drops Contrary to Expectations After Fed Rate Cut, Market Panic Intensifies] BlockBeats News, October 30 – According to data from Alternative, the Crypto Fear & Greed Index today stands at 34, indicating a state of 'fear' in the market. On October 30, the Federal Reserve cut interest rates by 25 basis points, marking the start of a new easing cycle. However, the market reaction was unexpected, with Bitcoin falling instead of rising. This was primarily due to doubts about Powell's 'cautious easing' stance and concerns over global economic growth. The market had already priced in the rate cut expectations, leading to the classic 'buy the rumor, sell the news' scenario. Additionally, Bitcoin's leverage scale is nearing $40 billion, meaning any small fluctuations could be amplified, resulting in significant price volatility. BiyaPay analysts pointed out that while there is short-term downward pressure on the market, in the long term, the continuous inflow of ETF funds and sustained institutional demand for crypto assets remain strong. BiyaPay supports USDT trading for U.S. stocks, Hong Kong stocks, and futures, and offers zero-fee trading for digital currency spot contracts. As market sentiment gradually stabilizes, investors can leverage the BiyaPay platform to seize future growth opportunities and enjoy a seamless digital asset management experience.