According to @charliebilello, the Federal Reserve’s balance sheet has shrunk 24% over the past three years while the S&P 500 has advanced 82%, indicating the SPX rally has persisted during quantitative tightening, not QE, source: @charliebilello on X, Dec 7, 2025. He adds this dispels the myth that the stock market is dependent on QE to rise, a data point equity traders can use when evaluating SPX trend drivers in a QT environment, source: @charliebilello on X, Dec 7, 2025.

According to @BullTheoryio, Japan is considering a 17 trillion yen approximately 110 billion dollars fiscal stimulus with cash support, tax relief and sector incentives, which has historically weakened the yen and pushed capital into higher return global risk assets, with Bitcoin BTC often leading the reaction because it prices liquidity faster than equities. Source: @BullTheoryio. According to @BullTheoryio, the United States backdrop is turning more liquidity friendly with the shutdown resolved, the Treasury General Account near 960 billion dollars and JPMorgan expecting about 300 billion dollars to flow out of the TGA over the next four weeks, while quantitative tightening is slowing and expected to end on December 1. Source: @BullTheoryio citing JPMorgan. According to @BullTheoryio, China is injecting over 1 trillion yuan per week into the economy, reinforcing a global shift toward easier liquidity compared with Q4 2021. Source: @BullTheoryio. According to @BullTheoryio, these cross market liquidity drivers suggest the latest BTC pullback looks like a bear trap before a potential next move, with risk assets positioned to benefit first from the easing impulse. Source: @BullTheoryio.

According to @GracyBitget, BTC price action is now primarily dictated by US domestic liquidity, with Wall Street-led institutional flows via spot BTC ETFs increasingly setting direction (source: @GracyBitget; Forbes). She adds that capital from Europe, the Middle East, and Asia tends to favor gold and equities, which she argues helps explain this year’s strength in gold, US AI stocks, and China’s STAR 50 index (source: @GracyBitget). As a near-term catalyst, she points to Polymarket odds that the US government shutdown could end around Nov 14, which would restore fiscal outlays and ease liquidity pressure (source: @GracyBitget citing Polymarket). She further argues that if the Federal Reserve halts quantitative tightening in December and begins a rate-cut cycle, BTC should be among the first risk assets to benefit due to its high sensitivity to liquidity (source: @GracyBitget). On targets, she reiterates that once fiscal spending resumes and the Fed turns dovish, BTC can exceed $130,000 and attempt $150,000–$200,000, framing the timing as this Q4 or next Q1 (source: @GracyBitget). She discloses a fully allocated crypto position while noting NFA, underscoring conviction in a new BTC all-time high if liquidity pivots as outlined (source: @GracyBitget).