According to @cas_abbe, the Federal Reserve is set to end quantitative tightening next week, and when QT ended in September 2019, BTC fell nearly 65% before recovering with QE while altcoin/BTC pairs rallied about 90%, with many alts down in USD but outperforming in BTC terms (source: @cas_abbe). He adds that most altcoins have been in a bear market since December 2024 and argues that high-confluence alts could outperform BTC on a relative basis if a similar rotation unfolds (source: @cas_abbe). For traders, he implies the focus should be on alt/BTC pairs over USD pairs if QT ends as expected (source: @cas_abbe).

According to @cas_abbe, if the pattern persists into Q4 2025, BTC is expected to break to new highs first, ETH to advance once BTC stabilizes, and altcoins to rotate later with their strongest gains at the end of the liquidity cycle. Source: @cas_abbe. For trading, this sequence favors early focus on BTC breakout setups, a pivot to ETH as BTC volatility compresses, and late-cycle momentum positioning in altcoins. Source: @cas_abbe.