Key Notes

The Federal Reserve cut rates 0.25% on October 29 and will end Quantitative Tightening on December 1, creating liquidity conditions.

The Treasury General Account holds $939.58B as of November 4, locked until the 36-day government shutdown ends.

Analyst Benjamin Cowen argues multiple closes below Bitcoin's 50-week moving average would confirm a cycle top, as in past cycles.

Market analysts are divided on whether the current market cycle will extend through 2027 or collapse into a bear market during 2026. Bulls argue that loosening Federal Reserve policy and pending liquidity injections create conditions for continued growth, while bears point to historical patterns that have preceded every previous downturn.

The Federal Reserve reduced interest rates by 0.25% on Oct. 29 rate

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