This week, the global financial markets have quite a show. The Federal Reserve, the Reserve Bank of Australia, and the Bank of Canada are all set to announce their interest rate decisions within the same week, earning it the nickname "Super Rate-Hike Week." For those who have been navigating the crypto space, the actions of these traditional financial institutions almost determine the market trend.

Last week, the crypto market experienced a fierce correction, with over 270,000 traders forced to liquidate, resulting in total losses of up to $985 million. That scene is still vivid in memory, and this week, we face the "test" from global central banks again. The Fed's every move can influence the entire risk asset market, so we must stay vigilant this time.

**Hidden "Tricks" in the Fed's Rate Cut**

The market generally expects the Fed to continue cutting rates by 25 basis points, bringing the federal funds rate to the 3.50%-3.75% range. This would be the third rate cut in 2025 — following cuts in September and October. At this pace, easing policy seems almost certain.

But here's the interesting part: the rate cut might just be superficial, while the Fed also aims to "damp" expectations of future rate cuts through policy statements and chairman speeches. This is the so-called "hawkish rate cut" — easing while tightening at the same time.

Internal disagreements within the Fed are now out in the open. Some analysts believe the December meeting could see a 9:3 voting split, with three regional Fed presidents likely voting against. This division itself reveals a message: further easing policies are not so stable.

For the cryptocurrency market, the rate cut itself isn't the key; what's crucial is the Fed's attitude toward the future. If the stance turns hawkish, the entire market expectation could be disrupted, and Bitcoin is likely to come under pressure. The Reserve Bank of Australia is also expected to adopt a "hawkish" stance, which could lead to a new round of adjustments in global liquidity.