Global liquidity keeps on going up.

Last week alone, Global liquidity increased by $533 billion, its fastest growth since Q4 2024.

Total global liquidity has also reached $138T and now just $1.5T away from a new ATH.

This cycle, the Fed hasn't done QE but other countries like China and the EU are consistently injecting more liquidity.

This is definitely more bullish for BTC due to global adoption.

But if the SEC approves a few Altcoin ETFs in 2025, global liquidity will start entering alts too.

This will be the perfect catalyst for parabolic move and a blow-off top.