The Fed just pulled the plug on quantitative tightening. After months of balance sheet runoff, the central bank officially wrapped up QT today. This marks a pivotal shift in monetary stance—no more draining liquidity from the system. For risk assets, especially crypto, this could mean the tide is turning. Less selling pressure on bonds, potentially more capital hunting for yield elsewhere. Whether this signals a full pivot or just a pause remains to be seen, but the policy drought is officially over.