BTC and ETH have been performing exceptionally well in this market! In the last 48 hours, after a significant drop, they returned to the starting point, forming a large V-shaped reversal. There are four main reasons for this:

The Federal Reserve's QT policy has officially ended, with overnight repurchases injecting $13.5 billion in liquidity into the banking system — this is the second-largest single-day "water supply" since the pandemic, stabilizing market sentiment directly;

The plan to appoint Hassett as the Chairman of the Federal Reserve is different from Powell; he is crypto-friendly and has previously led the Trump administration's digital asset working group, which is clearly beneficial for the crypto space;

The probability of a 25 basis point rate cut in December has risen to 89.2%, and market expectations for easing policies are increasing;

Industry leaders like Musk and CZ have been bullish, igniting market sentiment.

Now that policies, liquidity, and market expectations are all in place, we can just follow the trend and everything will be fine!