Well, looks like the liquidity spigot just got cranked wide open. Fed's new Reserve Management Purchases program is officially live and pumping money into the system. Meanwhile, Treasury's burning through cash at breakneck speed - their general account dropped a staggering $78 billion in just seven days. That's the third-largest single-week injection we've seen all year.

And surprise, surprise - equities just hit fresh all-time highs. When you flood the system with this much liquidity, risk assets tend to party. The correlation couldn't be more obvious if it tried. Classic playbook: inject cash, watch markets melt up.

Anyone tracking crypto should be paying attention here. Historically, when traditional markets get juiced like this, digital assets aren't far behind in catching the wave.