Reuters broke a major story: Fed Chairman Powell suddenly resigned.

At 7 PM on Monday night, just after the emergency meeting concluded, he announced his resignation, picking a rather delicate timing—right in the window of the year's most strained liquidity. As soon as the news broke, the market instantly boiled over.

Bitcoin has surged from $81,000 to $91,000 in the past few days, an increase of over 12%; the US dollar index has responded by falling. This dramatic volatility forces one to consider several questions:

**Why now?**
The end of the year is typically the tightest period for liquidity. Will resigning at this point trigger a chain reaction? What policy adjustments were actually discussed in that emergency meeting?

**The portrait of the successor is crucial**
If a dovish candidate takes over, the market may expect an earlier start to the rate cut cycle, and liquidity easing would be beneficial for risk assets (especially cryptocurrencies); however, if a hawkish candidate takes office, there is likely to be a sharp adjustment in the short term—though a dip often presents an opportunity.

**History always repeats itself?**
Looking back: In the month when Powell replaced Yellen in 2018, Bitcoin plummeted by 40%; in 2022, during his reappointment, the US stock market delivered its worst performance in a decade. Will this personnel change be another turning point?

The current market sentiment has entered an extreme greed zone, and there are reports that the White House is in contact with former Fed board member Brainard. No matter who takes over, some soothing signals will be released in the short term to stabilize the situation, but volatility is likely unavoidable.

**It is recommended to pay attention to three key points:**
• What signals did the policy statement after the emergency meeting convey?
• The monetary policy inclination of the new chair candidate
• Institutional fund flows (such as changes in Grayscale GBTC premium)

**What should ordinary investors do?**
Don't let FOMO cloud your judgment and blindly chase the rise. If your position is already heavy (for example, over 80%), consider reducing your position appropriately during a rebound; keep some cash on hand, as a panic sell-off could present a rare buying opportunity.

The market is always full of uncertainty, but historical data and logical reasoning can help us reduce the probability of making mistakes. What do you think about this wave of market movement? Is it a correction in a bull market or a trend reversal? Let's discuss your judgment in the comments. #成长值抽奖赢iPhone17和周边 #Gate广场圣诞送温暖 #Gate广场圣诞送温暖 #参与创作者认证计划月领$10,000 #内容挖矿赚丰厚返佣