Cold water immersion for sustained dopamine and norepinephrine elevation
The study 'Human physiological responses to immersion into water of different temperatures' showed that adrenaline and noradrenaline spiked immediately upon entering cold water, but dopamine rose slowly and continued rising after the exposure, reaching 2.5x above baseline. This kinetic profile — slow rise, sustained elevation — is qualitatively different from the fast spike and crash seen with stimulant drugs. Huberman's clinical inference is that this sustained profile does not deplete the readily releasable pool in the same way a drug surge does. The early-morning timing recommendation comes from the stimulating nature of the norepinephrine surge: getting this done before noon avoids the sleep disruption that would come from afternoon activation.
Cold exposure triggers norepinephrine and adrenaline release immediately via the sympathetic nervous system. The subsequent sustained dopamine rise is thought to occur via a different mechanism — possibly involving brown adipose tissue, the vagus nerve, or thermosensitive neurons that project to dopaminergic nuclei — rather than direct synaptic vesicle release. This is why it does not follow the typical peak-then-crash depletion pattern.
Dopamine levels started to rise somewhat slowly and then continued to rise and reach levels as high as 2.5 times above baseline. That is a remarkably high increase. Well, this does appear to raise the baseline of dopamine for substantial periods of time.

