The CRYPTO Liquidity Engine Just RESTARTED After 3 Years, and the Fed’s balance sheet has just turned up. The drain stopped and liquidity is quietly being added again. At the same time: - Inflation is slipping below 2% (Truflation) - PMI is still weak, but that’s a lagging signal - Crypto remains undervalued and oversold This doesn’t mean crypto pumps tomorrow. Monetary policy works with a lag. But historically, this exact setup is what precedes major risk-asset cycles.(Dan Gambardello)