For everyone asking what QT actually looks like… here is the Fed's balance sheet since 2007.

QT was one of the biggest liquidity drains in modern history.
And tomorrow… that process finally ends.

Most people focus on rate cuts, but the real event is the end of QT because liquidity moves markets, not interest rates.

Since 2022, the Fed has been draining the system:
no reinvestments, no recycling, over $3T removed from markets.
This is a major reason why risk assets, especially alts, have struggled.

But starting tomorrow the regime changes.

The Fed will stop letting assets disappear and will recycle mortgage cash flows back into Treasuries.

This isn't QE…
but it's the closest step before it.

Balance sheet shrink slows, Treasury demand rises, yields soften, and liquidity quietly begins to return.

This is the start of soft easing.
Not a stimulus but no longer a liquidity drain.

And when the Fed absorbs more supply, big institutions don't have to.
Their liquidity becomes free to rotate into:

• equities
• tech
• emerging markets
• and yes… crypto

Historically, these policy shifts always front run crypto cycles:

2018–2019: QT ends → Alt/BTC begins multi-year uptrend
2020: Liquidity wave hits → alts go vertical
2024–2025: QT ends again → structural pressure removed
2026: Highest probability of a liquidity expansion era → mega alt season setup

Crypto doesn't pump because of rate cuts.
Crypto pumps when liquidity expands.

QT destroyed liquidity.
Ending QT removes that anchor.

The system goes from:
❌ liquidity destruction
to
✔ liquidity recycling

This won't trigger an overnight rally, but it changes the direction of the macro trend.

Markets turn slowly… then suddenly.

Before every Bitcoin and altcoin supercycle, the macro environment always passes through this exact phase transition.

QT ending =
Fed stepping back from being a liquidity drain =
higher probability of liquidity expansion in 2025–2026.

And when QE finally returns, crypto becomes the fastest horse on Earth.
It always has.
It always will.

Get ready brothers. 🚀🔥

The macro foundation for the next alt season is being built right now.