A seasoned market analyst recently challenged a common assumption in the crypto space: bull markets don't simply fade away from exhaustion. Rather, they tend to peak when the Fed pulls the trigger on policy shifts. The distinction matters for traders—it means timing the market's top isn't about watching how long a rally has run, but monitoring what's happening at the central bank. This shifts the narrative from viewing bull markets as self-limiting cycles to understanding them as creatures of monetary conditions. When liquidity dries up and rates bite harder, even the strongest rallies can reverse sharply. The takeaway? Keep your eye on the policy dial, not just the calendar.