Recently, I've had a familiar feeling, a sense that "Big Brother is coming back."

It is not the kind of small fluctuations seen in the stock market, nor the false breakouts shouted by the bears, but a deeper phenomenon: "liquidity is changing."
I have been observing several market details over the past few weeks:
The cash reserves of banks are rapidly declining, and reverse repos have almost been drained, making the U.S. banking system look "thirsty" again. I last saw this phenomenon in 2019—shortly after, the Federal Reserve took action, stating, "This is not QE," and then the market exploded.
What about now? The situation is almost exactly the same.
The Federal Reserve's balance sheet has been shrinking, liquidity is being drained, and the short-term borrowing pressure between banks is beginning to surface. Historically, this kind of pressure has never been an "accidental event"—it usually means that some button is about to be pressed again.
Some are still waiting for interest rate cuts, but I believe the real turning point is not in the rates, but in the moment the money printing machine is restarted. When the Federal Reserve is forced to stop QT and starts looking for reasons to "inject liquidity," no matter how they package the terms ("technical adjustment," "non-QE," or "temporary liquidity supplement"), the essence is the same: the market has money again.
Having money means that risk assets will be focused on again.
Bitcoin will move first, followed by large altcoins, which will feel the temperature first. This is not emotional speculation, but the natural rhythm of money flowing into risk markets.
I don't intend to predict which day it will happen, but some signals have already lit up.
This shift is not about "whether it will happen," but rather "when it will happen."
So my current mindset is very simple:
Don't rush to sell, don't be easily pessimistic, fasten your seatbelt, and prepare for that moment of "liquidity explosion."
Because every bull market starts from the moment funds begin to flow again.
And I feel that moment is drawing near.