Bitcoin, Ethereum, DOGE - these three names have recently started keeping people awake at night.

A couple of days ago, we were still saying that Federal Reserve Chairman Powell had eased up on banks dealing with crypto, and then Reuters broke the news that he would be stepping down early. As soon as the news came out, the dollar softened directly, U.S. stocks jumped around, and Bitcoin soared from $81,000 to $91,000, all in just one day.

The timing is quite strange. Liquidity is already tight at the end of the year, and now we're changing people? There’s an emergency meeting at 7 PM tonight, and no one knows what will be discussed. More importantly, whether the next chairman is hawkish or dovish will directly determine whether the coins in your hands will double or be halved.

Flip through the history records; this has never been a joke.
In 2018, when Powell just took over, Bitcoin fell 40% that month;
In 2022, when he was re-elected, the US stock earnings reports were the worst seen in a decade;
Who can say for sure about 2025 this time...?

**Money is coming**

Stopping the balance sheet reduction and accelerating interest rate cuts are all clear signals. The new chairman is likely to be more dovish; with such high debt pressure, we have to endure inflation exceeding 2%. The essence is to allow the dollar to gradually depreciate. Do you remember the period during the pandemic when SLR was relaxed and quantitative easing was implemented? Bitcoin surged to 69,000 USD. Now, a new round of reforms is about to open the floodgates again.

Speaking of Trump's "Genesis Plan", the scale of spending is comparable to the Manhattan Project back in the day. Where is the money coming from? The probability of the Federal Reserve restarting QE is not small.

**What are the big players doing?**

BlackRock has withdrawn 300 BTC and 16,000 ETH from a compliant platform in the past three days, with a net inflow of 68.26 million USD for the Ethereum ETF in a single day. They now control about 10% of the circulating Ether, and the available coins on the exchanges are getting fewer.

With institutions scrambling to accumulate and the market facing a shortage expectation, the fuse for the fourth quarter has already been lit.

**Ethereum is about to make a big move**

The gas limit has been directly raised from 15 million to 60 million, tripling the capacity and completely solving the performance bottleneck. Each upgrade is a prelude to a surge:
In 2017, the Byzantine upgrade caused the price to rise from 300 to 1400 US dollars.
The Berlin upgrade in 2021 rose from 1600 to 4371;
In May of this year, it rose from 1300 to 4956.

What will happen this time? Calculate it yourself.

**Other Signals**

The DOGE ETF has been approved, and someone in the community is shouting $7.2.
The Swiss banking system upgrade has been implemented, offering 24/7 real-time settlement.
The probability of a rate cut in December is 86%, and liquidity is about to surge.

**Last words**

The bull market after the halving has never disappeared, it has only been delayed. While everyone is looking forward to the market in the fourth quarter, it dropped 39% all at once on October 11; now everyone is afraid of a bear market next year, and liquidity may backfire.

From 2026 to 2027, it may not be a bear market, but rather a crazy year of liquidity flooding.