The major asset managers are pushing hard for rate cuts, signaling growing expectations for looser monetary policy ahead. Meanwhile, the Fed chair faces ongoing scrutiny from regulators, adding uncertainty to the policy landscape. Against this backdrop, market participants are tilting bearish—a sentiment that's worth monitoring if you're positioned in risk assets. When traditional finance starts pricing in easier conditions, crypto markets often respond. The question isn't just whether rates will drop, but when and by how much.