GM and happy Sunday!

Hope you are all well. Still enjoying my vacations and not really following any coins. But I slowly started to buy back my Spot holdings in preparation of a massive sentiment pivot in 2026.

Why?

Bitcoin showed in the last months it’s not (yet) traded as a safe haven but still purely a liquidity/(high) risk-on play. This was painful for anyone being overinvested in crypto with little exposure to commodities and stocks. But when liquidity rises, Bitcoin (and crypto) will inevitably rise along with it.

The Fed might be closer to a liquidity pivot than markets realize.
Cabana from the BofA argues reserve scarcity and surging repo rates are severe enough for J.Pow to signal (de-facto) QE as soon as next week - even if they avoid calling it that.

The proposal: $45B/month in T-bill purchases starting 2026 to rebuild reserves. If balance-sheet expansion returns (no matter which name they use) liquidity is inevitably coming back. The single most important factor for crypto to thrive.

For $BTC, this would be one of the strongest structural tailwinds possible, which wouldn’t lead to an immediate vertical move, but the beginning of a multi-month liquidity uptrend.