Bull market corrections always tend to occur when people are trying to settle down and focus on self-cultivation. This wave of the market is finally beginning to feel some liquidity warming.

There are two undeniable driving forces behind this rebound. The first is the end of the year tax avoidance wave—investors taking advantage of low prices to repurchase tokens for tax purposes. As this arbitrage opportunity gradually diminishes, market sentiment also shifts. The second is the Federal Reserve's overnight repurchase operation on December 30th—injecting a one-time liquidity of $160 billion into the market, reaching the second-highest level since the COVID-19 pandemic.

With the combination of mild policy signals and substantial improvement in liquidity conditions, the market's pulse is indeed beating differently.