HTX DeepThink: The Fed's interest rate cut in September drives the rotation of alts, but there are still divergences in the policy path.

According to Mars Finance, on September 21, HTX DeepThink column author and HTX Research researcher Chloe (@ChloeTalk1) pointed out that the Fed lowered the federal funds rate by 25 basis points to 4%-4.25% on September 17, marking the first rate cut in nine months. Chairman Powell emphasized that policy needs to balance between inflation and employment, and suggested that further cuts may occur in October or December, but there are still differences among the board members. The news has boosted risk assets: BTC remains around $117,000, with bullish sentiment in the options market; ETH stabilizes above $4,500, while long-term holders continue to withdraw coins for storage. Funds have begun to rotate from BTC to alts, with Solana rising to $244, and the daily trading volume of DEX reaching $2.5 billion. BNB has broken through the $1,000 mark, and the total Lock-up Position on the BSC chain has increased by nearly 10% over the week. The market expects the easing cycle to continue, but if inflation rebounds or employment deteriorates, a short-term rebound may face "sell the news" risks.