The U.S. economy is re-accelerating. The business cycle is starting to expand. Liquidity has bottomed (U.S. Treasury securities on the Fed balance sheet are now back at November 2024 levels, i.e., QE but not QE). Rotation from extremely concentrated U.S. tech to cyclical stocks is broadening the overall market. Look at all stocks globally. Bitcoin has its own unique issues and will eventually participate to the upside.(James Van Straten)