Analysis: Market expectations for the Fed’s rate cut this year weakened, BTC fell below $108,000.

Odaily Planet Daily News: Affected by the weakened expectation of Federal Reserve rate cuts, Bitcoin's price dropped below $108,000. Before the Federal Reserve's May meeting minutes are published, the risk asset market sentiment shows a cautious state. The CME FedWatch tool indicates that the market expects the Fed's first rate cut may be delayed until September, with the expected number of rate cuts for the entire year 2025 reduced from 4 to 2. Trader TheKingfisher pointed out that if Bitcoin's price continues to fall, it may trigger more short position liquidations. QCP Capital previously stated that the current market lacks catalysts to drive price fluctuations, and overall volatility continues to decline. (Cointelegraph)