The 24-hour Fluctuation of the crypto market is equivalent to a whole year of ups and downs in TradFi. Bitcoin has just completed a textbook-level reversal - it surged directly from the $81,000 range to $91,000, catching everyone who was watching completely off guard.

The timeline rolls back to yesterday. The Federal Reserve Chairman just released signals allowing banking institutions to enter the crypto space, and Wall Street's pool of funds has begun to stir. But today, the situation took a sharp turn – this helmsman suddenly announced his resignation. The moment the news broke, the dollar index plummeted, U.S. stock futures fluctuated violently, and only Bitcoin surged against the trend, as if it had found its home turf.

There are a few points hidden here that are hard to decipher:
• The end of the year is inherently the time window with the tightest liquidity; why choose to exit at this particular moment?
• What suspense is hidden in the agenda of the emergency meeting held at seven o'clock tonight?
• Just opened the green light for the crypto industry and then retreated, is this going to ambush a policy reversal?

The position of the next chairman is the real key variable. The rise of the doves means that the expectation of interest rate cuts will materialize earlier, and liquidity easing directly benefits risk assets, which may usher in a new wave of capital inflow into the crypto market. Even if the hawks take over, short-term fluctuations may create buying opportunities—historical experience tells us that the policy turning points in 2018 and 2022 were precisely the windows for smart money to position themselves.

Market signals have begun to emerge. The GBTC premium rate continues to rise, and the Fear and Greed Index has long crossed the "Extreme Greed" threshold, with institutional funds acting much faster than retail investors.

What heavyweight news will be thrown out at tonight's meeting? Can Bitcoin take advantage of the momentum to break through the hundred thousand dollar mark? The answers to these questions may come faster than we imagine.