Global liquidity is waking up again.

Central bank balance sheets are quietly turning higher — with China leading the charge.

Last time this happened?
2020.

What followed was one of the biggest risk-on rallies in history:
📈 Bitcoin exploded
📈 Equities ripped
📈 Liquidity flooded everywhere

The money printer isn’t loud this time.
It’s creeping back in silence. 👀