These past few days, the market has seen several major shocks—clear signals of real money pouring into the crypto space.

Starting with the most explosive: a top Wall Street bank is launching a $1.7 trillion BTC mortgage lending product. What's the concept? Basically, you don't have to sell your coins; you can use them as collateral to get cash directly, and the scale is in the trillions. What will the recipients do with this money? Likely continue to gamble on higher-yield assets. The profits come from the sheep, and liquidity is cycling again.

Even more intense is the next development—the US Depository Trust & Clearing Corporation (DTCC) has received SEC approval to tokenize stocks and bonds directly. This is a major player in the global financial system—equivalent to a major artery—meaning trillions of traditional financial assets now have a legal channel to flow onto the blockchain. The barrier has been removed; the wall is torn down.

There's also a more explosive piece of news: UBS's research report states that the Federal Reserve plans to start a $6.9 trillion asset purchase program in early 2026, with a maximum of $40 billion per month. When the printing presses run, the money must find a home. History shows that these excess funds eventually flow into assets that can appreciate.

On-chain data reveals that smart money has already begun moving:
- Net inflows of $41.7 billion in the past month, the highest since 2021
- Addresses holding more than 1,000 coins have increased by 23%
- The premium rate of Grayscale GBTC has turned positive from negative, and continues to widen, showing institutional buying interest cannot be hidden

Credit leverage, on-chain assets, and monetary easing—three engines roaring simultaneously. The $1.7 trillion × $6.9 trillion × DTCC's tokenization channel—this layered effect may not be just simple addition but exponential explosion.

If this pace continues, the next phase may not be just a regular bull cycle but a watershed moment where two worlds are fully connected.