Who is the new Fed Chair? This question is determining the direction of global liquidity, and the crypto market has already become the most sensitive barometer.

Trump faces three options, each of which could rewrite the upcoming script in the crypto world.

**The first is the Hawk**. These individuals immediately call for interest rate cuts once in office, with market expectations of: dollar depreciation, flood of money, and soaring risk assets. How does Bitcoin perform in this environment? History tells us the answer is usually upward. This is the most direct liquidity trigger.

**The second is the Dovish**. Not that they won't loosen policy, but they will do so more gradually and with smaller steps. If this type is elected, market exuberance might be somewhat tempered. Easing will still happen, but less aggressively.

**The third is the Long-termist**. They are less concerned with short-term stimulus and more focused on the long-term institutional development of the crypto industry, such as support for private stablecoins. This is good for the entire ecosystem, but short-term fireworks may be lacking.

In essence, this game is a tug-of-war between political will and central bank independence. Trump's goal is clear: lower interest rates and support the stock market. Meanwhile, cryptocurrencies have become the most sensitive thermometer of the global liquidity feast.

How to operate?

**Keep a close eye on the announcement of the candidate**—this is a critical point that will directly change market expectations.

**Pre-position narratives**—if the hawkish candidate is confirmed, mainstream cryptocurrencies may face a liquidity-driven rally. If the candidate emphasizes application and compliance, tokens with real-world use cases will be more favored.

**Hold core positions**—the pace of easing may repeat, but the direction is set. Assets like Bitcoin and Ethereum are essentially the best containers of liquidity. Whoever holds them holds the most direct benefits.

The wind is blowing from Washington, and the waves are already rising. Is your ship ready?