Wow, this is super bullish for risky assets like $BTC

For the first time in almost 3 years, we've finally seen a real spike in the Federal Reserve's balance sheet.

The last one, early 2023, was more of an outlier, happening during peak rate hikes. But this time, the Fed is shifting toward rate cuts and softening conditions to protect the economy.

That makes this spike different, and a strong signal that this pump might not just be real, but could mark the start of something even bigger in the months (or years) ahead.