They’re reacting to politics.
Right now, we’re in one of two paths:
1. The “Stick to the Plan” Scenario:
Fed keeps QT running and refuses to cut.
They wait for year-end QE like they originally planned.
Meanwhile, political pressure builds… HARD.
Eventually something breaks — and they’ll blame the Fed for not cutting sooner.
(Most likely outcome)
2. The “Pre-Election Pump” Scenario:
Fed halts QT this month and starts cutting in June.
Markets rally into year-end — not full bull, but strong.
But 2026? Full-blown recession.
Massive bear market.
And guess who gets blamed?
The Fed and Sleepy Joe for pushing fake strength.
The dream outcome?
QT ends, rate cuts begin, bull run lasts through 2026, no recession, and America thrives.
Yeah… that’s fantasyland.
Too much manipulation.
Too much political noise.
Too many bad actors.
Something’s going to snap.
$BTC is watching it all unfold.
