Market watchers are eyeing several macro catalysts that could fuel a strong year-end rally across traditional and crypto markets. The Federal Reserve's rate cutting cycle is creating a more favorable liquidity environment, potentially lifting risk assets as borrowing costs ease. What's equally significant? The anticipated wind-down of Quantitative Tightening. When central banks stop draining liquidity from the system, it historically flips sentiment and drives capital back into equities and digital assets.

Meanwhile, there's chatter around the Bank of Japan's rate hiking path and how that ripple effect might play out globally. Tighter monetary policy in Japan could shift currency flows and impact dollar-denominated assets, including Bitcoin and Ethereum. These interconnected policy moves from major central banks are setting up an interesting dynamic heading into Q4.

For those tracking correlations between traditional finance and crypto, this convergence of easing in the West and potential tightening in the East creates a rare setup. Risk-on sentiment could dominate if the Fed stays accommodative while macro uncertainties fade.