Fed's balance sheet run-off and BTC's near-term outlook

The Fed's continued QT is a silent but persistent headwind, steadily pulling liquidity out of the system. While the market has largely priced in the pace of rate hikes, the duration of a restrictive monetary stance, combined with the balance sheet run-off, means less capital sloshing around for risk assets like $BTC. I'm watching key support levels closely, particularly how demand responds to any further liquidity drains, before considering adding to long-term positions.