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With the debt ceiling now reached, the forecasted solution is to raise it again. This is not new for Congress, with the administration adjusting the debt ceiling 78 times since 1960. This might lead the government to finally partake in QE, where the US Federal Reserve could resort to large-scale asset purchases. This would inject liquidity into the market, a positive catalyst for risk assets. One particular way to track liquidity injection would be to identify a reversal in the Fed’s balance sheet trends. The balance sheet has declined since April 2022, falling from almost $9 trillion to $6.8 trillion on Jan. 15 because of quantitative tightening (QT). Federal Reserve balance sheet. Source: Federal ReserveYet, the above pathway remains subjected to market speculations, and a more transparent path will only be evident after Jan. 28 and 29. Related: US Bitcoin reserve idea sparks Davos debate on crypto’s futureBitcoin capital inflows dropped after $100,000 was hitWhile the market expected Bitcoin to enter a period of price discovery and aggressive bullish action after $100,000, data from Glassnode indicated the lack of fuel after the milestone was reached. Bitcoin realized cap net position change chart. Source: GlassnodeAs illustrated in the chart, BTC 's realized cap net position change has dropped from 12.5% to under 5% since November 2024. This implies that the amount of BTC moved at prices above $100,000 is relatively less than in early December 2024. Similarly, the data analytics platform reported: “Net realized profit-taking peaked at $4.5B in Dec 2024, and is now down to $316.7M (-93%). This reduction in sell-side pressure suggests the market is resetting to a state of supply-demand balance.”Bitcoin weekly analysis. Source: Bitcoindata21The above data shows that liquidity remains thin in the Bitcoin markets. Despite these concerns, Bitcoindata21 said the total crypto market cap would “double” in six to eight weeks. Based on a weekly technical analysis, the analyst mentioned that “$150K for Bitcoin” is still possible, saying:“Weekly RSI bouncing from bottom of trend channel, just like March 2017 and September 2020 (see red circles). As long as we stay inside the channel, the bull market is not over.”Related: Watch these Bitcoin price levels next with 'door open' to $100K retestThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.$BTC