Is the market planning to drop all the way in one go with this relentless plunge? 9 straight days of extreme fear, and Bitcoin has had 9 consecutive red candles. Honestly, I think this kind of drop is great—just get it over with, no dragging it out, quick and clean. Let’s see if what the Fed officials are saying still holds any weight: Here’s an important contribution from John Williams, President of the New York Fed (Powell’s right-hand man), to the December rate cut debate: ‘I believe there’s still room for further adjustments to the federal funds rate target range in the short term, to bring the policy stance closer to the neutral range.’ ‘Looking ahead, the priority is to consistently bring the inflation rate back to our long-term target of 2%. Equally important is ensuring that we don’t unnecessarily risk our goal of full employment while achieving this.’