Global liquidity is surging. Over the past 24 hours, central bank operations have intensified dramatically—China's central bank released roughly $86.7 billion in fresh liquidity, marking one of the largest monetary boosts in recent memory. Meanwhile, the Fed is committing to purchasing $55.3 billion in Treasury bills over the coming three weeks. When major central banks loosen monetary conditions simultaneously, history shows us what typically happens next: capital rotates into riskier assets. Bitcoin, altcoins, and the broader crypto market often catch the tailwinds from these macro shifts. This is textbook risk-on behavior taking shape.