The recent market rally has been absolutely explosive, and a lot of people are asking: where did this crazy bull run come from?

To be honest, there’s more than one driving force behind it.

**Let’s start with the money flow.** The probability of the Fed cutting rates by 25 basis points on December 10 has soared to 89.2%, and they previously injected $13.5 billion into the banking system. Once the rate cut happens, a weaker dollar and lower US Treasury yields are pretty much a sure thing—which means a fresh wave of liquidity for high-risk assets like cryptocurrencies. A lot of smart money has already positioned itself early, anticipating a “rate cut rally.”

**Now look at the institutional buying frenzy.** Top global asset management firms are entering the market together—Vanguard has opened up Bitcoin ETF access for $11 trillion in retirement accounts, and Charles Schwab plans to launch Bitcoin and Ethereum trading in early 2026. Just between mid-November and early December, spot Bitcoin ETFs saw a net inflow of $57.69 billion. These big players are showing real commitment—not just talk, but actual money on the table.

**On the technical side, there’s also an explosion.** Ethereum just completed the Fusaka upgrade, using PeerDAS technology to greatly expand Blob data capacity, slashing Layer 2 network transaction fees by 30%-50%, and optimizing node sync efficiency. When technical innovation hits, capital is quick to follow. Meanwhile, Solana’s ecosystem activity has hit record highs, related meme coins are booming one after another, and the entire altcoin sector is fired up.

With all these forces combining, the bull market atmosphere is here.