The data behind this recent price surge can't be hidden anymore—

WINTERMUTE scooped up 8,577 coins, a major exchange took in 7,658 coins, a whale address aggressively accumulated 6,610 coins, a compliant platform secured 5,860 coins, and BitMEX and Bitfinex each topped up with 5,818 and 5,778 coins, respectively. With moves like these, do you really think this is a natural retail-driven market? I sure don't.

But why did the market suddenly dare to buy in? You have to connect two events:

First, the Strategy company crisis was finally resolved on December 1st—they announced they would use $140 million in cash reserves and stabilize the situation by raising funds through selling their own stock. Although the stock rebounded 15% in three days, it's still down 60% from the peak.

Then on December 2nd, even bigger news hit: the new Fed chair candidate is basically confirmed. Kevin Hassett's support shot up from 40% to 86% in a week, while Kevin Warsh dropped to just 8%. Trump said the official announcement will come "early next year," but the market is already betting on it—a dovish, crypto-friendly pick, which is exciting just to think about.

Looking at the data: the probability of a 25 basis point rate cut in December is now 93%, and there's a 26% chance of another cut in January 2026. Capital moves faster than anyone else, and that's why prices have bounced right back to pre-crash levels.

Ultimately, it's the combination of institutional action and policy expectations that explains this round of rebound.