Gate Research: Warsh Expected to Accommodate Rate Cuts in the Short Term | Market May See a Technical Rebound

• Market Commentary: After a round of heavy selling, Bitcoin fell by around 20% over roughly two weeks. Following a concentrated deleveraging phase, macro policy has become the core driver of Bitcoin’s current price revaluation. Ethereum has broken below USD 2,400, with market structure turning bearish, making it difficult for prices to reclaim the 2,400 level. The market is searching for a new support zone; any upside move should be viewed as a rebound within a downtrend rather than the start of a new rally.
• Trending Tokens: ZIL surged 59.32% over the past 24 hours, driven mainly by a technical breakout. Tweets related to C98 triggered retail FOMO, pushing the token up 37.03% in 24 hours. PURR broke above the 23.6% Fibonacci retracement level and has held above its 7-day simple moving average, gaining 28.37% over the same period.
• Alpha Insights: JPMorgan expects Warsh to accommodate Trump’s push for rate cuts in the short term, before reverting to a more hawkish stance after the midterm elections. Crypto market research firm Santiment noted on social media that retail pessimism has entered extreme territory, suggesting the market may see a technical rebound. Meanwhile, Cboe plans to relaunch binary options trading, aiming to compete directly with prediction markets.

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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
February 3, 2026

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