The crypto market is sensitive to liquidity. Just doing QT won't be enough. Take a look at Q3 2019, when the Fed stopped QT. Alts dropped 40% more and didn't bottom until the Fed started QE. This time, it won't be any different. Until new liquidity enters the market, alts will keep on making new lows. A few will outperform, but the majority will go down.

Nov 4, 2025 · 12:02 PM UTC

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Replying to @TedPillows
yeah liquidity drives everything in this space. fed policy changes hit alts way harder than most people realize
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Spot on, liquidity moves this market more than anything
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Replying to @TedPillows
most alts are ngmi until that printer goes brr again but the survivors will absolutely moon
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Yeah, only few really make it through cycles
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Replying to @TedPillows
Can we say that a bear market has begun?
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Hard to tell, depends how long liquidity stays tight
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Replying to @TedPillows
I agree with this. We need new liquidity.
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Yeah, nothing moves without new liquidity coming in
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Replying to @TedPillows
You make a solid point about liquidity, past trends really do keep repeating. It's gonna be tough for those alts without fresh cash flowing in.
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Yeah, same pattern every tightening phase
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Replying to @TedPillows
Mostly right: Ending QT trims the drain; it doesn’t add cash. In 2019 QT ended (Sep), yet crypto didn’t bottom until Mar’20 when the Fed restarted QE its balance sheet jumped ~$2.8T by July ’20. Implication: without net liquidity, alts can stay heavy. NFA. Sources: Reuters - “Fed to end balance sheet runoff in September 2019”; Reuters - “Fed’s $3T virus rescue inflates market bubbles” Confidence: medium
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Good breakdown, liquidity still the missing piece
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Replying to @TedPillows
Nice and absolute submission. More dumps lie ahead for Bitcoin and much of other cryptos. Be prepared and have a selling plan. Bears do make money too. Don't be a Perma bull.
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Makes sense, risk management matters most here
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Replying to @TedPillows
Can you suggest some Underated alts sir ?
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Hard to say, most still waiting for real strength
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Replying to @TedPillows
Perfect comparison with 2019. Markets don’t bottom on the end of tightening, they bottom when expansion starts. Liquidity drives everything.
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Exactly, expansion brings real reversals every time
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Replying to @TedPillows
So I'm just going to trade cautiously.
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staying cautious makes sense now
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more replies
Replying to @TedPillows
patience phase real talk
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True, patience always gets tested here
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Replying to @TedPillows
Macro tide still controls the floor, not the chart
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Right, macro still sets the tone for now
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Replying to @TedPillows
Alts will keep dropping until new liquidity comes in only strong projects may hold.
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Exactly, only solid ones survive the drain
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Replying to @TedPillows
Alts will keep dropping until fresh liquidity enters the market, a few might outperform.
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Exactly, same story every tightening phase
Replying to @TedPillows
Its hard in the yard
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Yeah, not an easy phase for anyone right now
Replying to @TedPillows
So basically it's until QE start before we start thinking of Alt season right
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Pretty much, QE usually flips the cycle
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