2025.11.20 Macro Market Analysis Morning, bros. Two big things happened early this morning: one explosive bomb and one life-saving water bottle. The bomb? The Fed meeting showed serious disagreements—many officials don’t support rate cuts, and the probability of a December rate cut has dropped to 30%. The life-saving water? NVIDIA’s earnings crushed it, giving the market a strong boost. Q3 net profit hit 225.9 billion RMB—absolutely killing it. Jensen Huang straight-up said he doesn’t see an AI bubble. Nasdaq futures opened up 1% on Thursday. The most dangerous time has passed. From October 11 to this week, over 600,000 accounts got liquidated. Congrats to the fam who didn’t get wrecked on leverage—if your coins are still there, it’s easier to bounce back. Mega Bitcoin whale Owen Gunden just deposited his remaining 2,499 BTC into an exchange an hour ago, worth $228 million. Over the past month, Owen Gunden has sold more than 11,000 BTC. On-chain data shows institutions are still accumulating. From yesterday to today, exchanges saw over 30,000 BTC withdrawn—probably by long-term believers. If we don’t flush out these whales now, when BTC hits $200K, the crash will be even harder. Rate cut expectations are now at rock bottom. When the market is in despair, it’s often the best time to position yourself. If the next few economic data points show inflation dropping, rate cut expectations will rise again, and BTC could still return to its highs by year-end. Recommendation: Buy the dip on BTC over the next few days and wait for the market to recover.