#数字资产市场洞察 The faucets of global central banks are collectively opening.

The Bank of England took the lead in pressing the rate cut button. This signal is highly significant—the big cycle of global liquidity easing seems to have truly started. The logical chain behind it is very clear: Citibank predicts that the Federal Reserve will cut interest rates at least three times next year; continuous pressure from Trump demands "substantial rate cuts"; even the Bank of Mexico has lowered interest rates for the twelfth consecutive time. The consensus among major central banks around "rate cuts" is taking shape. Once the gates open, the massive funds squeezed out by low yields in traditional assets will have to find new destinations.

The market's instincts are always the most敏感. The sudden surge in Bitcoin last night was definitely not a coincidence—it was more like a "test the waters" before large funds entered. Giants like BlackRock have already changed their stance, shifting from selling to increasing positions; risk sentiment in the US stock market has also ignited in tandem. All signs point in the same direction: a major capital migration is underway.

The market's focus has shifted. It used to be "when will the rate cuts start," now it has become "how much will they cut." As yields on traditional assets like government bonds are continuously suppressed, capital chasing higher returns will naturally flow into the crypto market. $BTC, as the "gold" of the digital world, and $ETH, as the representative of the core ecosystem, will become the primary recipients of this liquidity migration. Assets within the entire crypto ecosystem will benefit accordingly, especially those with community backing and relatively low liquidity thresholds—hidden currents may become more and more active.

Confirmation of a bull market often appears in such macro turning points and several sudden surges. If you haven't jumped on the train yet, there's no need to rush—this wave might just be approaching the coast.

A question: Do you think this wave of capital will push $BTC to new highs first, or will the $ETH ecosystem explode first?