The actions of the Federal Reserve over the past three weeks are worth noting. According to reports, the Fed plans to inject $55.36 billion in liquidity in the near future, which will have a significant impact on the overall market funding environment. Coincidentally, large Ethereum holder BitMine is also taking action — yesterday, they swept in ETH worth $65.4 million in one go. Currently, this institution's total Ethereum holdings have reached a scale of $14 billion. From abundant macro liquidity to active market participants building positions, these signals are intertwined, seemingly indicating that the market may be entering a new cycle. How the subsequent market performance will unfold depends on the Fed's upcoming operational pace.