When I was watching the market last night and heard that remark from Powell, I really couldn't hold it together.

"QT is officially over." Those five words instantly changed the entire logic of the market.

This isn't just a patch-up job—it's flipping the table and starting over. The liquidity valve has been completely opened.

There were three heavy policy moves:

First, the money-printing mode is back. $95 billion in liquidity per month is going to flow back into the market, and the era of QT tightening is officially over.

Second, a rate cut is a done deal. The probability of a December rate cut has soared to 87%, and this pace will continue in 2025.

Third, the stance is tough enough. Powell made it clear—the Fed will only look at the data, ignoring political winds. That statement carries a lot of weight.

The market has already started moving:

Funding rates quickly went from negative to zero, and the bears are starting to panic. Veteran on-chain players are frantically swapping borrowed USDT for BTC and ETH. The ETF side is even crazier—there was a net outflow of $80 million in the morning session, but it completely reversed in the afternoon, turning into a net inflow of $160 million.

The Fear & Greed Index is still stuck at 20, but the signs of a turning point are already obvious.

Looking back, that wave of panic selling this morning might have been the last cheap entry opportunity of the year. Liquidity is back, policy expectations are clear, and market sentiment is recovering.

With several signals stacking up, things feel very different now.

When you start to hear the sound of the money printer, don't ask whether you should get on board—first check if you still have chips in your hand.