The Federal Reserve's balance sheet has ballooned to $22.3 trillion, and the money-printing has never really stopped.

Normally, with M2 expanding like this, risk assets like the stock market and crypto market should take off. But in reality, for money to flow from the Fed's books to the crypto market, it has to pass through several stages—market confidence needs to recover first, and liquidity transmission also takes time. So don't expect immediate results; be patient and wait for the right moment.