The Fed Liquidity Signal That Predicted Bitcoin’s Top 8 Months Early

Bitcoin peaked at $126,000 in October 2025 before sliding more than 30% to just over $80,000 by December, and one liquidity gauge built by crypto market maker Keyrock points to why the turn came early. Keyrock’s work ties Bitcoin returns to net U.S. Treasury bill issuance with “the roughly 8-month delay visible in the chart,” […]