Market Liquidity & Central Bank Policy - Global liquidity trends could determine the fate of a potential mega altseason in Q4 [1] - China's August data indicates economic weakness, with retail sales increasing by 34% year-over-year, falling short of the estimated 39%, and industrial production growing by 52% year-over-year, the slowest in 12 months [1] - Urban unemployment in China rose to 53% in August [1] - The market anticipates a 25bps rate cut by the Federal Reserve on September 17 [2] - A dovish stance from the Bank of Japan (BOJ) could weaken the yen, increasing USD liquidity globally [3] Potential Crypto Market Impact - A synchronized global easing scenario (Fed cuts, dovish BOJ, supportive BOE) could lead to massive liquidity inflow, potentially driving BTC to break $120,000, accelerating ETH ETF flows, and causing altcoins to outperform [3] - A worst-case scenario (Fed disappoints, weak China, hawkish BOJ) could trigger volatility spikes, with BTC holding relatively better but altcoins potentially retracing significantly [4] - Liquidity cycles typically flow into BTC first, then ETH, and finally altcoins [5] - A dovish alignment among global central banks in the next 10 days could signal the start of an altseason [5]