According to @bobbyong, BTC is a hedge against USD inflation and should remain up-only while the money printer runs, as stated in his X post on Sep 6, 2025. Source: Bobby Ong on X, Sep 6, 2025. Under this thesis, traders should monitor USD liquidity proxies such as US M2 money supply and the Federal Reserve balance sheet total assets to gauge directional bias for BTC. Sources: Federal Reserve Bank of St. Louis FRED M2SL; Board of Governors H.4.1 Statistical Release. CPI prints and FOMC policy decisions are near-term volatility catalysts for BTC because they inform inflation and liquidity paths that underpin this view. Sources: U.S. Bureau of Labor Statistics CPI; Federal Reserve FOMC statements.

According to Crypto Rover (@rovercrc), Bitcoin rallied from $15K to $124K even as the Federal Reserve executed the harshest quantitative tightening in BTC’s history, underscoring price resilience during shrinking liquidity (source: Crypto Rover on X). Federal Reserve H.4.1 releases and the FRED WALCL series show the Fed’s total assets contracted by more than $1 trillion from the 2022 peak, confirming a substantial QT regime that traders monitor for liquidity impact (sources: Federal Reserve H.4.1; FRED WALCL). In the last major QE phase, Fed assets expanded by roughly $4 trillion from March 2020 to late 2021 while BTC climbed from about $5K to near $69K, highlighting Bitcoin’s positive sensitivity to balance‑sheet expansion (sources: Federal Reserve/FRED; TradingView BTCUSD). Conversely, during the 2022 tightening cycle with aggressive rate hikes and QT initiation, BTC fell from its 2021 peak toward ~$15.5K, reinforcing the macro-liquidity linkage (sources: Federal Reserve FOMC statements; TradingView BTCUSD). For trade setup planning, market participants track policy pivot inputs cited by the FOMC—Core PCE inflation, labor market data such as the unemployment rate, and forward guidance—because these factors directly shape liquidity expectations (sources: BEA for Core PCE; BLS for unemployment; Federal Reserve FOMC statements).