Everyone holding altcoin portfolios waiting for QE may be waiting much longer than they think.

“Where is QE?”

QE (quantitative easing) is an emergency measure to stimulate a weakened economy.

QE is initiated when:

1) The economy is in recession, and GDP is falling.

2) Inflation is low.

3) A financial crisis occurs.

4) Unemployment is high.

5) Interest rates are already at the bottom.

Current situation:

1) There is no recession.

2) Inflation is "stuck" at around 3%.

3) The stock market and Bitcoin are near historical highs.

4) Unemployment is at 4% and decreasing.

5) The Fed has not yet completed the rate-cutting cycle, with at least two more cuts ahead.

Note when QE begins (blue on the chart):

1) After a stock market decline (black chart).

2) When the Fed has fully completed the rate-cutting cycle (red chart).

3) When unemployment is high (green).

Conclusion: there are simply no conditions for QE right now.