A macro tidbit for you. It's all about liquidity.

The Fed’s quantitative tightening (QT) policy, which reduces its balance sheet by $60 billion per month, will remove $180 billion in liquidity by the end of Q1 2025 (negative BTC price impact).

However, the Federal Reserve's recent adjustment to the Reverse Repo Facility (RRP) rate is expected to result in a $237 billion liquidity injection. This would offset QT’s impact and yield a net positive liquidity of $57 billion (positive BTC price impact).

Also at play, the Treasury has to address the debt ceiling and they plan on implementing “extraordinary measures” to fund government operations between January 14 and 23. This approach will draw down the Treasury General Account (TGA), currently at $722 billion, temporarily boosting liquidity as new debt issuance halts until Congress raises the debt ceiling (positive BTC price impact). 