Macro: Water source has opened (Federal Reserve) Last night, the Federal Reserve confirmed the interest rate cut. Note that monetary policy has a 6-month lag. This means that Q1 2026 will be the moment of the most abundant global liquidity.

🛣️ 2. Technical: Infrastructure is complete (Ethereum) Don't just look at ETH prices, look at the infrastructure. The TVL and TPS of Layer 2 are both hitting historical highs. The blockchain has upgraded from 'dirt road' to 'highway', ready to accommodate trillions of dollars entering the market.

🐳 3. Financial: Major players are rushing (Whales) Just today, 1000 BTC that had been dormant for 14 years was transferred. At this time point, using an old coin that has been dormant for 14 years is likely an institutional over-the-counter (OTC) acquisition. What are they rushing for? They are rushing for tickets for 2026.

💡 Conclusion: Macro provides money, technology provides strength, and major players provide signals. These three forces are resonating.