Recent market performance has indeed been bizarre. BTC continues to fluctuate at high levels, ETH is gathering strength, SOL's rally shows no signs of stopping, while altcoins are crashing, and whales are instead frantically accumulating.

Many believe this is just routine end-of-year market volatility. But a closer look at the macro level reveals it's far from that—global capital is already positioning itself ahead of the super-funding cycle expected in 2026. Cryptocurrency assets happen to be the first layer to ignite.

The key signal lies in the personnel moves of the Federal Reserve.

The Fed has simultaneously reappointed all 11 regional Federal Reserve Bank presidents, each serving a five-year term. The significance of this move has been seriously underestimated. It not only influences the monetary policy direction for the next five years but also directly affects the FOMC's voting structure, the pace of rate cuts, and even the redistribution of power within the dollar system. A deeper consideration is to preempt political interference—especially to prevent potential personnel changes.

In simple terms: the Federal Reserve has locked in the possibility of a sudden hawkish turn over the next five years.

How should capital markets interpret this signal? Very straightforward:

Long-term risk assets can be preemptively positioned. High-volatility assets like BTC, ETH, and SOL become safer choices—no need to worry about sudden rate hikes, violent tightening, or political shocks.

So, the price movements you see are actually the result of smart global capital making early moves in the game.