The Fed’s expanding balance sheet may improve conditions for risk assets, but there’s no guarantee the new liquidity gets to crypto markets.

Bitcoin dumped below $74,000 earlier today after closing five straight weeks in the red.

And according to CryptosRus, the question is whether new capital can support any rebound the OG cryptocurrency makes.

Bitcoin’s $76K Test Comes Down to Capital Flows

In a November 9 analysis, CryptosRus pointed to approximately $1.65 billion in combined weekly outflows from spot Bitcoin and Ethereum ETFs, compared with a $212 billion expansion in the Fed’s balance sheet since its low at the end of last year.

As CryptoPotato reported, BTC ETFs…