According to @KobeissiLetter citing data from @Kalshi, prediction markets now expect less than 2 interest rate cuts in 2025, with the median forecast at 1.9 cuts, down sharply from a peak of 4 cuts in April. This shift has led to continued rises in yields as the 'higher for longer' monetary policy narrative returns. For crypto traders, this development could mean reduced liquidity and a potentially stronger US dollar, both of which historically pressure Bitcoin and altcoin prices. Market participants should closely monitor yield trends and Federal Reserve commentary for short- to mid-term trading strategies. (Source: @KobeissiLetter on Twitter, May 28, 2025)