This Bitcoin cycle we have largely been battling a flat monetary cycle, versus last cycle's strong uptrend (green). That may be about to change. We are now seeing the first signs of a potential major multi-year bottom in US Liquidity, with an eve/adam bottom forming today. It's been almost 4 years since tightening began. 2025 would make sense for a monetary policy trend change amid tariff stressors. Let's see if this new trend can stick.