Some signals are even more glaring than the numbers on the books.

Recently, the SOFR rate has been spiking—it’s a bellwether for short-term funding costs. In plain language: there’s starting to be “not enough money” in the market. Bank reserves, the lifeblood of the financial system, are becoming scarce, forcing a major central bank to consider stepping in.

News from UBS suggests that starting early next year, up to $6.9 trillion in liquidity may be injected in batches, with as much as $40 billion per month in the initial phase. Although officially labeled as a “technical operation”—buying short-term Treasuries and managing liquidity—the effect of such sustained, large-scale targeted easing? It's basically no different from the quantitative easing of the past.

What’s interesting is that while retail investors are still debating “whether it’s a good time to buy,” institutions have already started quietly making moves. Now that the Bitcoin spot ETF pipeline is open, only about $50 million worth of coins are being naturally sold on the market each day, and these are all being snapped up by corporations and funds. The rules of the game have changed—what drives the market now isn’t community sentiment, but the global central banks’ liquidity taps.

The December 10 meeting could be a turning point. There’s usually a 1-2 month “vacuum period” between policy announcements and actual capital inflows into the market. This is often when volatility is highest and panic runs deepest, but it might also be the last chance to get on board.

By the time everyone understands what’s happening, prices will no longer be what they are now. Will you wait for consensus and chase the highs, or secure your position in advance?