#BTC
Many people are looking at the price, but what really determines the direction is this chart.
WALCL started in 2022 with QT, and kept shrinking to 6.6 trillion, pulling out 2.4 trillion in liquidity. BTC fell from 69K to 15K.
Now QT has officially ended, and the direction has reversed. The Fed has started expanding its balance sheet again, adding nearly 60 billion in a single week last week.
The same signal last appeared in 2020, and what happened after that needs no explanation.
Many people are looking at the price, but what really determines the direction is this chart.
WALCL started in 2022 with QT, and kept shrinking to 6.6 trillion, pulling out 2.4 trillion in liquidity. BTC fell from 69K to 15K.
Now QT has officially ended, and the direction has reversed. The Fed has started expanding its balance sheet again, adding nearly 60 billion in a single week last week.
The same signal last appeared in 2020, and what happened after that needs no explanation.
