Have you thought about the taste of the plate in the past three days?

On the surface: the price of the currency is grinding, the sentiment is receding, the data is getting uglier one by one, and various models are singing badly.

But on the other side:

Bank of America suddenly called for a rate cut in December. A compliance trading platform named "a reversal in December". Circle prints 10 billion USDC a month. Tether has a surplus of 6.8 billion on its account and has earned 10 billion this year. N3XT and Monet, two on-chain banks, emerged in the same week. Grayscale submitted SUI's ETF application. SOL ETF attracted $15.7 million in a single week. Whales withdrew $74.83 million from the exchange in three days. Even the infrastructure of AI and Web3 has begun to huddle - Pundi AI and HyperGPT are getting together.

Is this a coincidence?

It's clearly a knockout game - to see who qualifies for the express train of the 2025 Supercycle.

The market didn't take off, not because there was no money. It is because big funds are still screening targets and queuing up to enter the market. And this queue will determine who can get the biggest piece of the cake in the next three years.

Today, we don't talk about the K-line, we don't talk about liquidation data, and we don't look at the panic index. Let's talk about who will be carried to the table by the times and who will fall from the chair.

**(1) Federal Reserve: The whistle has sounded - cutting interest rates is not to bail out the market, but to change the track**

Bank of America's signal is straightforward: a 25 basis point cut in December is just an appetizer, and real easing expectations will not break out until January. The institutional department of a compliance platform also tells you: